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Duck Company's fixed monthly expenses are $23,500 and its contribution margin ratio is 64%. Assuming that the fixed monthly expenses do not change, what is

Duck Company's fixed monthly expenses are $23,500 and its contribution margin ratio is 64%. Assuming that the fixed monthly expenses do not change, what is the best estimate of the company's net operating income in a month when sales are $79,000?

Multiple Choice $4,940 $55,500 $27,060 $50,560

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