Jlk Inc's contribution margin ratio is 62% and its fixed monthly expenses are $52,000. Assuming...
60.1K
Verified Solution
Link Copied!
Question
Accounting
Jlk Inc's contribution margin ratio is 62% and its fixed monthly expenses are $52,000. 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 $146,000? Multiple Choice $90,520 $3,480 $38,520 $94,000
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
