The management of Reagon Corporation expects sales in January to be $122,000. The company's contribution margin ratio

Question:

The management of Reagon expects sales in January to be $122,000. The company's ratio is 69% and its fixed monthly expenses are $50,000. Required:Estimate the company's net operating income for January, assuming that the fixed monthly expenses do not change. Show your work!
Contribution Margin
Contribution margin is an important element of cost volume profit analysis that managers carry out to assess the maximum number of units that are required to be at the breakeven point. Contribution margin is the profit before fixed cost and taxes... Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...