Jilk Inc.'s contribution margin ratio is 62% and its fixed monthly expenses are $45,000. 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 $132,000?

$ 36,840.

Step-by-step explanation:

contribution margin=62% =0.62

fixed monthly expenses = $45,000

Sales =  $132,000

We assume that the fixed monthly expenses do not change.

Then, company's net operating income = (contribution margin×Sales )-fixed monthly expenses

=$( (0.62×132000)-45000 )

= $ (81840-45000)

= $ 36,840

Hence, the best estimate of the company's net operating income in a month when sales are $132,000 is $ 36,840.

answer: the value should be used for i in the formula of calculation the monthly payment , the interest rate per period is 0.85.

step-by-step explanation:

the given rate of interest i= 85%

in calculating the monthly payment for a loan with an interest rate compounded monthly, the value of the interest rate per period we use in the formula must be in decimal form.

to convert it in decimal, we divide it by 100, we get

hence, the value should be used for i in the formula of calculation the monthly payment , the interest rate per period is 0.85.

step-by-step explanation:

mean or average is 40.6