Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. maack corporation's contribution margin ratio is 1

Maack Corporation's contribution margin ratio is 16% and its fixed monthly expenses are $47,000. If...

80.2K

Verified Solution

Question

Accounting

Maack Corporation's contribution margin ratio is 16% and its fixed monthly expenses are $47,000. If the company's sales for a month are $305,000, what is the best estimate of the company's net operating income? Assume that the fixed monthly expenses do not change.

$209,200

$1,800

$258,000

$48,800

PLEASE SHOW STEPS

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Finance
1.2K views

Pick one of the following: •   Technical Forecasting •   Fundamental Forecasting •   Market Based Forecasting Why might forecasting be...

Statistics
1.2K views

5. Suppose that researchers study a sample of 50 people and find that 10 are left-handed....

Physics
1.2K views

We all know the Earth exerts gravity on us, but other objects in the solar system...

Mechanical Engineering
1.2K views

An essay on Engineering

Statistics
1.2K views

Weight IBS 101 120 121 140 141 160 161 180 4 5 5 7 The...

Algebra
1.2K views

12 What is the factored form of the expression 25x 16y over the complex numbers

Accounting
1.2K views

The following table contains information about four projects in which Jefferis Corporation has the opportunity...

Accounting
1.2K views

A $1,000 par value, 12-year annual bond carries a coupon rate of 7%. If the...

Accounting
1.2K views

discuss in your own words the nature of hospital payment systems and the various parties...

Accounting
1.2K views

Entries for Issuing No-Par Stock On February 12, Quality Carpet Inc., a...

Finance
1.2K views

ane is considering leaving her job and pension at age 65 and has 18 years...

Finance
1.2K views

2. 1000 points Fund fees and holding period return 3 You are considering investing in...