Egret corporation is a wholesaler that sells a single product and maintains a stable cost...
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Accounting
Egret corporation is a wholesaler that sells a single product and maintains a stable cost structure. Management has provided the following data for two months.
May June
Sales revenue $925,000 $1,295,000
Gross margin $474,700 $ 794,700
Net operating income (loss)000 $(141,300) $ 162,700
Selling price per unit $ 185 $ 185
Suppose the price remains the same. The best estimate of the net operating income (loss) in July at the sales volume below is:
Sales volume in July: 6,400 units.
The answer is 71,500
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