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  3. creswell corporation's fixed monthly expenses are

Creswell Corporation's fixed monthly expenses are $23,500 and its contribution margin ratio is 64%. Assuming...

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Question

Accounting

Creswell Corporation's fixed monthly expenses are $23,500 and its contribution margin ratio is 64%. Assuming that the fixed monthly expenses do not change, what is the best estimate of the company's net operating income in a month when sales are $79,000?

Multiple Choice

  • $55,500

  • $50,560

  • $27,060

  • $4,940

Answer & Explanation Solved by verified expert
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