Mitch Corporation's Contribution Margin Ratio Is 14% and Its Fixed

question 116

Multiple Choice

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.

• A) $591,000
• B) $496,080
• C) $94,920
• D) $7,920

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