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.
Homework Answers
Contribution margin ratio=Contribution margin/Sales
Contribution margin=(309,000*18%)=$55620
Less:Fixed expenses=($49,000)
Net operating income=$6620.
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Gayne Corporation's contribution margin ratio is 18% and its
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