Creswell Corporation's fixed monthly expenses are $23,000 and its contribution margin ratio is 63%. Assuming that...

Question

Question

business accounting

Answer 1

✔ Recommended Answer

Answer #1

answer is $26,140

contribution margin = 78,000 x 63%

= 49,140

net operating income = contribution margin - fixed cost

= 49,140 - 23,000

= 26,140

Answer 2

Similar Homework Help Questions

Creswell Corporation's fixed monthly expenses are $28 500 and its contribution margin ratio is 63% Assuming...

Creswell Corporation's fixed monthly expenses are $28 500 and its contribution margin ratio is 63% Assuming that the wed monthly expenses do not change what is the best estimate of the company's net operating income in a month when sales are $89,000? Multiple Choice o О илоо С o арто o O saьто o S60,soo
Creswell Corporation's fixed monthly expenses are $29,000 and its contribution margin ratio is 56%. Assuming that...

Creswell Corporation's fixed monthly expenses are $29,000 and its contribution margin ratio is 56%. 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 $95,000? Multiple Choice $12,800 $53,200 $24.200 $66,000
Gayne Corporation's contribution margin ratio is 16% and its fixed monthly expenses are $45,500. If the...

Gayne Corporation's contribution margin ratio is 16% and its fixed monthly expenses are $45,500. If the company's sales for a month are $302,000, what is the best estimate of the company's net operating income? Assume that the fixed monthly expenses do not change. Multiple Choice Ο $208,180 Ο $2,820 Ο S48,320 Ο $256,500

Gayne Corporation's contribution margin ratio is 16% and its fixed monthly expenses are $47,000. If the...

Gayne Corporation's contribution margin ratio is 16% and its fixed monthly expenses are $47,000. If the company's sales for a month are $305,000, what is the best estimate of the company's net operating income? Assume that the fixed monthly expenses do not change. Multiple Choice Ο Ο $209,200 Ο Ο $1,800 Ο $258,000 Ο S48,800
Jilk Inc.'s contribution margin ratio is 60% and its fixed monthly expenses are $51,000. Assuming that...

Jilk Inc.'s contribution margin ratio is 60% and its fixed monthly expenses are $51,000. 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 $144,000? Multiple Choice Ο Ο 586,400 Ο Ο 58, Ο 535,400 Ο Ο $93,000 Serfass Corporation's contribution format Income statement for July appears below. Sales $369,000 Variable expenses 147, 600 Contribution margin 221,400 Fixed expenses 55, 350 Net operating income...
Gayne Corporation's contribution margin ratio is 18% and its fixed monthly expenses are $49,000. If the...

Gayne Corporation's contribution margin ratio is 18% and its fixed monthly expenses are $49,000. If the company's sales for a month are $309,000, what is the best estimate of the company's net operating income? Assume that the fixed monthly expenses do not change.

Jilk Inc.'s contribution margin ratio is 60% and its fixed monthly expenses are $42.500. Assuming that the fixed mo...

Jilk Inc.'s contribution margin ratio is 60% and its fixed monthly expenses are $42.500. 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 $127.000? Mumple Choice оооо О ВА 500
Subm 5 Jilk Inc's contribution margin ratio is 60% and its fixed monthly expenses are $46,000....

Subm 5 Jilk Inc's contribution margin ratio is 60% and its fixed monthly expenses are $46,000. 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 $134,000? Multiple Choice $80,400 $7,600 $34.400 SB3.000 Prov 5
Jilk Inc.'s contribution margin ratio is 62% and its fixed monthly expenses are $49,000. Assuming that...

Jilk Inc.'s contribution margin ratio is 62% and its fixed monthly expenses are $49,000. 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 $140,000?

Balonek Inc.'s contribution margin ratio is 57% and its fixed monthly expenses are $41,000. Assuming that...

Balonek Inc.'s contribution margin ratio is 57% and its fixed monthly expenses are $41,000. 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 $112,000?