Question
5. Mitch Corporation's contribution margin ratio is 31% and its fixed monthly expenses are $85,000. If the company's sales for a month are $788,000, what
5. Mitch Corporation's contribution margin ratio is 31% and its fixed monthly expenses are $85,000. If the company's sales for a month are $788,000, what is the best estimate of the company's net operating income? Assume that the fixed monthly expenses do not change.
A. $159,280
B. $156,280
C. $166,280
D. $169,280
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Case Studies In Forensic Accounting And Fraud Auditing
Authors: Professor D. Larry Crumbley, Wilson LaGraize, Christopher E. Peters
2nd Edition
0808041932, 978-0808041931
