Huitron Inc. expects its sales in September to be $143,000. The company's contribution margin ratio is 65% and its fixed monthly expenses are $62,000. Required:Estimate the company's net operating income for September, assuming that the fixed monthly expenses do not change.
What will be an ideal response?
Profit = (CM ratio × Sales) - Fixed expenses
= (65% × $143,000) - $62,000
= $92,950 - $62,000 = $30,950
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