Schlag Inc.expects its sales in January to be $111,000.The company's contribution margin ratio is 65% and its fixed monthly expenses are $64,000.
Required:
Estimate the company's net operating income for January,assuming that the fixed monthly expenses do not change.Show your work!

Question

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The Answer of Schlag Inc.expects its sales in January to be $111,000.The company's contribution margin ratio is 65% and its fixed monthly expenses are $64,000.
Required:
Estimate the company's net operating income for January,assuming that the fixed monthly expenses do not change.Show your work!