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What is best estimate of the company net operating income

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Reference no: EM132856462

Problem 1: Minnie's Haberdashery sells the best beverages west of the Mississippi. Their contribution margin ratio is 33% and its fixed monthly expenses are $83,500. If the company's sales for a month are $723,000, what is the best estimate of the company's net operating income? Assume that the fixed monthly expenses do not change.

A. $155,090

B. $400,910

C. $639,500

D. $238,590

E. None of these are correct.

Reference no: EM132856462

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