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Jilk Inc.'s contribution margin ratio is 58% and its fixed

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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?;a. $23,740 b. $59,740 c. $67,000 d. $7,260

 

Paper#24955 | Written in 18-Jul-2015

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