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Find the estimated operating income for the coming month

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Reference no: EM132733633

ABC Company estimates the following data for the coming month

Total variable costs $ 35,000.00

Income tax rate 25%

Contribution margin percentage 40%

Estimated monthly operating fixed costs $16,000.00

Required minimum net income as percentage of total sales 10%

Problem 1: Find the estimated operating income for the coming month.

Option 1: $1,500.00

Option 2: $2,500.00

Option 3: $4,500.00

Option 4: $7,333.33

Reference no: EM132733633

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