Creswell Corporation's fixed monthly expenses are $29,000 and its contribution margin ratio is 56%. Assuming that the fixed monthly expenses do not change, what is the best estimate of the company's net operating income in a month when sales are $95,000?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Creswell Corporation's fixed monthly expenses are $29,000 and its contribution margin ratio is 56%. Assuming that the fixed monthly ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
The City of Island Grove uses encumbrance accounting and its fiscal year ends on June 30. On May 6, a purchase order was approved and issued for supplies in the amount of $6,000.
Answers (1)
Pomelo Orange manufactures orange juice. Last month's total manufacturing costs for the Jackson operation included: Direct materials $400,000 Direct labor 36,000 Manufacturing overhead 110,000 What was the conversion cost for Pomelo Orange's Jackson
Answers (1)
Which of the following companies would most likely target tech enthusiasts eager to try the latest products? A. Apple b. REI C. Boeing D. eBay E. Harley-Davidson
Answers (1)
On January 1, 2018, Ramos Co. had $10,000 of 6% convertible bonds, convertible into 1,000 shares of Ramos's common stock. No bonds were converted during 2018. Throughout 2018, Ramos had 1,000 shares of common stock outstanding.
Answers (1)
Jenna is searching for a job that suits her tastes about where to live. Mary is looking for a job that makes best use of her skills. a. Jenna and Mary are both frictionally unemployed. b. Jenna and Mary are both structurally unemployed. c.
Answers (1)
New Questions in Business
Countries establish internal economic zones in order to ... A.) limit foreign investment. B.) make solving disputes easier. C.) have fewer economic restrictions. D.) create manageable amounts of imports.
Answers (2)
The marketing manager at widgets r us became aware that a leading competitor was conducting an extensive customer survey. somewhat alarmed, this manager directed the marketing staff to construct and administer a customer survey immediately.
Answers (1)
Geller Florist Inc. had the following transactions during 2015: Purchased a $200,000 warehouse with $50,000 cash and a $150,000 mortgage from a bank. Raised $100,000 from selling new shares of stock to investors.
Answers (1)
Clean Rinse Shampoo has been the leader of hair-cleaning products for about 40 years. However, this company relied too long on its competency without refining or upgrading its product.
Answers (1)
A piece of equipment costs $30,000, and is expected to generate $8,500 of annual cash revenues and $1,500 of annual cash expenses. The disposal value at the end of the estimated 10-year life is $3,000. Ignoring income taxes, the payback period is: A.
Answers (1)