Estimate of the company net operating income, Accounting Basics

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Estimate of the company net operating income

Mitch Corporation's contribution margin ratio is 14% and its fixed monthly expenses are $87,000. If the company's sales for a month are $678,000, what is the best estimate of the company's net operating income? Assume that the fixed monthly expenses do not change.

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Accounting Basics: Estimate of the company net operating income

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Accounting Basics: Estimate of the company net operating income

Reference No:- TGS069947

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Accounting Basics: Estimate of the company net operating income

Reference No:- TGS069947

Recent Questions Asked Accounting Basics

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