The company’s net operating income

Posted on by Leakey

 

 

Binford Corporation’s contribution margin ratio is 58%, and its fixed monthly expenses are $94,000. Assume that the company’s sales for May are expected to be $178,000.

Required:

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

 

 

 

 

 

 

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