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1. Assume Hudson has a target income of $161,000. What amount of sales (in dollars) is needed to produce this target income? 2. If Hudson
1. Assume Hudson has a target income of $161,000. What amount of sales (in dollars) is needed to produce this target income?
2. If Hudson achieves its target income, what is its margin of safety (in percent)? (Round your answer to 1 decimal place.)
Required information [The following information applies to the questions displayed below.] Hudson Company reports the following contribution margin income statement. Assume Hudson has a target income of $161,000. What amount of sales (in dollars) is needed to produce this target income? If Hudson achieves its target income, what is its margin of safety (in percent)? (Round your answer to 1 decimal place.) 2. If Hudson achieves its target income, what is its margin of safety (in percent)? (Round your answer to 1 decimal place.)
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International Financial Reporting Standards A Practical Guide
Authors: Hennie Van Greuning, Darrel Scott, Simonet Terblanche
6th Edition
0821384287, 978-0821384282
