Solved

Huitron Inc

Question 233

Essay

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.Show your work!

Correct Answer:

verifed

Verified

Profit = (CM ratio × Sales)- F...

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents