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Gayne Corporation's contribution margin ratio is 16% and its fixed monthly expenses are $44,500. If the company's sales for a month are $300,000, what is

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Gayne Corporation's contribution margin ratio is 16% 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. Multiple Choice $207.500 $3,500 $255,500 $48,000

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