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38. Black Company's sales are $600,000, its fixed expenses are $150,000, and its variable expenses are 60% of sales. Based on this information, the
38. Black Company's sales are $600,000, its fixed expenses are $150,000, and its variable expenses are 60% of sales. Based on this information, the margin of safety is: A) $90,000 B) $190,000 C) $225,000 D) $240,000 Answer: C Level: Medium LO: 3,5,7
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Accounting Information Systems
Authors: Vernon Richardson, Chengyee Chang
1st edition
78025494, 978-0078025495
