Best estimate of the company total operating income, Accounting Basics

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Best estimate of the company total operating income

Jilk Inc.'s contribution margin ratio is 58% and its fixed monthly expenses are $36,000. Assuming that the fixed monthly expenses do not change, what is the best estimate of the company's net operating income in a month when sales are $103,000?

a. $23,740

b. $59,740

c. $67,000

d. $7,260

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Accounting Basics: Best estimate of the company total operating income

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Accounting Basics: Best estimate of the company total operating income

Reference No:- TGS096880

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Recent Questions Asked Accounting Basics

Q : Journal entry to record the transaction problem

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Accounting Basics: Best estimate of the company total operating income

Reference No:- TGS096880

Recent Questions Asked Accounting Basics

Q : Journal entry to record the transaction problem

Q : Problem based on depreciable asset

Q : What is the amount of the minimum annual lease payment

Q : Fundamentals of capitalized lease

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