Schlag Inc. expects its sales in January to be $111,000. The company’s contribution margin ratio is 65% and its fixed monthly expenses are $64,000….

Schlag Inc. expects its sales in January to be $111,000. The company’s contribution margin ratio is 65% and its fixed monthly expenses are $64,000.Required:Estimate the company’s net operating income for January, assuming that the fixed monthly expenses do not change.

Schlag Inc. expects its sales in January to be $111,000. The company’s contributionmargin ratio is 65% and its fixed monthly expenses are $64,000.Required:Estimate the company’s net operating…