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?

 

Transcribed Image Text:

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? Multiple Choice $7,260 $59,740 $67,000 $23,740 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? Multiple Choice $7,260 $59,740 $67,000 $23,740

Answer rating: 100% (QA)

Correct Option 23740 Net Incom... View the full answer