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Gayne Corporation's contribution margin ratlo is 1 8 % and its fixed monthly expenses are $ 4 8 , 5 0 0 . If the

Gayne Corporation's contribution margin ratlo 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.

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