Question: Please explain the solution to this general accounting problem with accurate explanations. Carver Inc. has a contribution margin ratio of 15% and fixed monthly expenses

Please explain the solution to this general accounting problem with accurate explanations.

Carver Inc. has a contribution margin ratio of 15% and fixed monthly expenses of $72,000. If the company's monthly sales are $580,000, what is the best estimate of the company's net operating income, assuming fixed costs remain unchanged? a. $15,000 b. $99,000 c. $15,600 d. $14,000

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