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Bruin Corporation's contribution margin ratio is 75% and its fixed monthly expenses are $45,000. Assume that the company's sales for July are expected to be

Bruin Corporation's contribution margin ratio is 75% and its fixed monthly expenses are $45,000. Assume that the company's sales for July are expected to be $120,000.

Required: Estimate the company's net operating income for July, assuming that the fixed monthly expenses do not change.

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