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Kelsey Inc
Kelsey Inc. expects its sales in September to be $143,000. The company's contribution margin ratio is 65% and its fixed monthly expenses are $60,000.
Required:
Estimate the company's net operating income for September, assuming that the fixed monthly expenses do not change
Expert Solution
The company's net operating income for September = Sales × Contribution Margin ratio - Fixed Cost
=$143,000 × 65% - $60,000
=$92950 - $60000
=$32950 (Answer)
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