13 Knoke Corporation S Contribution Margin Ratio Is 29 And Its Fixed Monthly Expense 2851853

13. Knoke Corporation’s contribution margin ratio is 29% and its fixed monthly expenses are $17,000. If the company’s sales for a month are $98,000, what is the best estimate of the company’s net operating income? Assume that the fixed monthly expenses do not change. A. $81,000 B. 11,420 C. $52,580 D. $28,420

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