Question: Please explain the correct approach for solving this general accounting question. Creswell Corporation has the following: - Fixed monthly expenses = $31,000 - Contribution margin

Please explain the correct approach for solving this general accounting question.

Please explain the correct approach for solving
Creswell Corporation has the following: - Fixed monthly expenses = $31,000 - Contribution margin ratio = 65% Monthly sales = $94,000 What is the net operating income for the month? a. $1,900 b. $61,100 c. $30,100 d. $63,000

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