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Question(s) / Instruction(s):

Mitch Corporation\'s contribution margin ratio is 19% and its fixed monthly expenses are $82,000. If the company\'s sales for a month are $768,000, what is the best estimate of the company\'s net operating income? Assume that the fixed monthly expenses do not change.

A.            $70,920

B.            $60,920

C.            $73,920

D.            $63,920

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