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Gayne Corporation's contribution margin ratio is 18% and its fixed monthly expenses are $48,500. If the company's sales for a month are $308,000, what is
Gayne Corporation's contribution margin ratio is 18% and its fixed monthly expenses are $48,500. If the company's sales for a month are $308,000, what is the best estimate of the company's net operating income? Assume that the fixed monthly expenses do not change.
Multiple Choice:
A) $204,060
B) $55,440
C) $259,500
D) $6,940
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