Knoke Corporation's contribution margin ratio is 29% and its fixed monthly expenses are $17,000.If the company's sales for a month are $98,000,what is the best estimate of the company's net operating income? Assume that the fixed monthly expenses do not change.
A) $81,000
B) $11,420
C) $52,580
D) $28,420
Correct Answer:
Verified
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