12. Bumpass Corporation's contribution margin ratio is 77% and its fixed monthly expenses are $ 46,000....
12.
|
Bumpass Corporation's contribution margin ratio is 77% and its fixed monthly expenses are $ 46,000. Assume that the company's sales for May are expected to be $ 105,000. |
| Required: |
|
Estimate the company's net operating income for May, assuming that the fixed monthly expenses do not change. (Omit the "$" sign in your response.) |
| Net operating income | $ |
Homework Answers
Net operating income
= (Sales * cm ratio) - Fixed cost
= (105,000*77%) - 46,000
= 80,850 - 46,000
= 34850
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12.
Bumpass Corporation's contribution margin ratio is 77% and its
fixed monthly expenses are $ 46,000....
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