Question: Bumpass Corporation's contribution margin ratio is 75% and its fixed monthly expenses are $ 33,000. Assume that the company's sales for May are expected to

Bumpass Corporation's contribution margin ratio is 75% and its fixed monthly expenses are $ 33,000. Assume that the company's sales for May are expected to be $ 92,000.

Required: Estimate the company's net operating income for May, assuming that the fixed monthly expenses do not change.

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