# 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.

Are you having trouble answering the question “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.”? If that’s the case, you don’t need to worry anymore. Azanswer has brought you the correct answer to your question.

## 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

Answer: B

We hope you have got the correct answer to your question “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.”, which was part of Accounting MCQs & Answers. Thanks for choosing us.