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Question(s) / Instruction(s):

Mitch Corporation\'s contribution margin ratio is 14% and its fixed monthly expenses are $87,000. If the company\'s sales for a month are $678,000, what is the best estimate of the company\'s net operating income? Assume that the fixed monthly expenses do not change.

a)            $591,000

b)            $496,080

c)            $94,920

d)            $7,920

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