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Find what is best estimate of company net operating income

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Reference no: EM132762767

Problem 1: Jilk Inc.'s contribution margin ratio is 61% and its fixed monthly expenses are $47,500. 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 $137,000?

Multiple Choice

Option 1: $83,570
Option 2: $5,930
Option 3: $36,070
Option 4: $89,500

Reference no: EM132762767

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