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The management of Denise Carlton Company expects sales in May to be $100,000. The company's contribution margin ratio is 70% and its fixed monthly expenses

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The management of Denise Carlton Company expects sales in May to be $100,000. The company's contribution margin ratio is 70% and its fixed monthly expenses are $49,000. Use CVP to estimate May's net operating income. Profit is closest to Multiple Choice $30,000 $21.000 $49.000 $70,000

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