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COVID 19 Corporation's variable expense ratio is 84% and its fixed monthly expenses are $ 44,500. If the company's sales for a month are $300,000,
COVID 19 Corporation's variable expense ratio is 84% and its fixed monthly expenses are $ 44,500. If the company's sales for a month are $300,000, what is the best estimate of the company's net operating income? Assume that the fixed monthly expenses do not change. Select one: a. $3,500 O b. $255,500 c. $207,500 O O O d. $48,000
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Contemporary Auditing Real Issues And Cases
Authors: Michael C. Knapp
7th Edition
0324658052, 978-0324658057
