Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 15, 2024

A company revealed the following figures: Sales revenue $3,120,000 Contribution margin $520,000 Net operating income $380,000 How much is the company's margin of safety in

A company revealed the following figures: Sales revenue $3,120,000 Contribution margin $520,000 Net operating income $380,000 How much is the company's margin of safety in dollars? Multiple Choice $210,000 $2.280,000 $2.980,000 $2,600,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Business Innovation Audit

Authors: William Tate

1st Edition

0955970733, 978-0955970733

More Books

Students also viewed these Accounting questions

Question

★★★★★

Refer to the Journal of Medical Ethics (Vol. 32, 2006) study of physicians' use of ethics consultation, Exercise 2.68. In addition to length of time in practice (i.e., years of experience), the...

Answered: 1 week ago

Question

★★★★★

Discuss the challenges and advantages of a diverse workforce and identify five major dimensions of workforce diversity

Answered: 1 week ago

Question

★★★★★

4. Apply techniques for improving cohesion, concision, and emphasis

Answered: 1 week ago

Question

★★★★★

A convenience store recently started to carry a new brand of soft drink. Management is interested in estimating future sales volume to determine whether it should continue to carry the new brand or...

Answered: 1 week ago

Question

★★★★★

A company revealed the following figures: Sales revenue $3,120,000 Contribution margin $520,000 Net operating income $380,000 How much is the company's margin of safety in dollars? Multiple Choice...

Answered: 1 week ago

Question

★★★★★

Four independent situations are described below. Each involves future deductible amounts and/or future taxable amounts produced by temporary differences: ($ in thousands) situation $13) 311 315 $404...

Answered: 1 week ago

Question

★★★★★

Jail and Sail: Alcatraz Tour and Cruise Contribution Income Statement Sales For the Month of July Less variable costs: Admission fees Overhead Hors d'oeuvres Selling and administrative Contribution...

Answered: 1 week ago

Question

★★★★★

Troy and Kristy Reynolds (both currently age 56) have determined that they will require retirement income equal to $93,000 in today's dollars, based on their current income. They plan to retire in...

Answered: 1 week ago

Question

★★★★★

3. The Roz trust received taxable income of $20,000 and $10,000 of tax-exempt interest. The trustee paid fiduciary fees of $6,000 and a charitable contribution, as authorized by the trust agreement,...

Answered: 1 week ago

Question

★★★★★

5) If liabilities increase $120,000 during a given period and shareholders' equity decreases $25,000 during the same period, assets must: A) decrease $145,000 B) increase $145,000 C) increase $95,000...

Answered: 1 week ago

Question

★★★★★

Two important profitability measures that investors use in assessing efficiency and effectiveness of a merchandiser's operations are earnings after retail numbers (EARN) and net income dividends and...

Answered: 1 week ago

Question

★★★★★

Explain the importance of nonverbal messages.

Answered: 1 week ago

Question

★★★★★

Describe the advantages of effective listening.

Answered: 1 week ago

Question

★★★★★

Prepare an employment application.

Answered: 1 week ago

Previous Question Next Question