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Gayne Corporation's contribution margin ratio is 18% and its fixed monthly expenses are $49,000. If...

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Accounting

Gayne Corporation's contribution margin ratio is 18% and its fixed monthly expenses are $49,000. If the company's sales for a month are $309,000, what is the best estimate of the company's net operating income? Assume that the fixed monthly expenses do not change.

Multiple Choice

  • $204,380

  • $55,620

  • $6,620

  • $260,000

Answer & Explanation Solved by verified expert
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