Question: Jilk Inc.'s contribution margin ratio is 61% and its fixed monthly expenses are $50,000. Assuming that the fixed monthly expenses do not change, what is

Jilk Inc.'s contribution margin ratio is 61% and its fixed monthly expenses are $50,000. 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 $142,000?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Debbie is a florist and operates a floral shop called "bloomers." Debbie is quite good at making creative centerpieces to plan on tables at wedding receptions. Knowing that Jone is always a popular...

Jilk lnc.'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...

Lefave, Incorporated, manufactures and sells two products: Product Q1 and Product D5. Data concerning the expected production of each product and the expected total direct labor-hours (DLHs) required...

Jilk Inc.'s contribution margin ratio is 61% and its fixed monthly expenses are $45,500. Assuming that the fixed monthly expenses do not change, what is the best estimate of the company's net...

Jilk Inc.'s contribution margin ratio is 61% and its fixed monthly expenses are $51,500. Assuming that the fixed monthly expenses do not change, what is the best estimate of the company's net...

Jilk Inc.'s contribution margin ratio is 61% and its fixed monthly expenses are $43,000. Assuming that the fixed monthly expenses do not change, what is the best estimate of the company's net...

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...

Jilk Inc.'s contribution margin ratio is 61% and its fixed monthly expenses are $50,000. Assuming that the fixed monthly expenses do not change, what is the best estimate of the company's net...

APTERS 5 AND 6 6 Help Save & Exit Submit Jilk Inc.'s contribution margin ratio is 61% and its fixed monthly expenses are $48,500. Assuming that the fixed monthly expenses do not change, what is the...

Jilk Incorporated's contribution margin ratio is 61% and its fixed monthly expenses are $48,500. Assuming that the fixed monthly expenses do not change, what is the best estimate of the company's net...

Jilk Inc.'s contribution margin ratio is 61% and its fixed monthly expenses are $43,000. Assuming that the fixed monthly expenses do not change, what is the best estimate of the company's net...

Task Details: This article collections and structured review set a basis for literature review section of Research Proposal in Assessment 4. Following consultation with the lecturer or tutor, the...

According to Austrian theory monopolies are: a. Acceptable unless they are based on government privilege b. Acceptable c. Acceptable only if they are based on government privilege's d. Unacceptable

Find the divergence o f the vector field F a t the given point. F ( x , y , z ) = e x s i n y i - e x c o s y j + z 2 k ; ( 1 7 , 0 , 0 )

If two sides of an obtuse triangle are 6, 7 then the number of possible integral values of third side is (A) 5 (B) 6 (C) 7 (D) 8

Illustrate the connections of seven segment common anode type and common cathode type? Draw the figure. Implement the Full Subtractor using 3 x 8 Decoder in Verilog language?

A pointer holds a memory address.

1. To take in the necessary information,

7. Find four examples that illustrate the statement: Beyond a certain point, open-ness regarding information and communication can become detrimental to relationships.

2. In this chapter, the reader should reflect on the following concepts: