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 $3,240,000 Contribution margin $540,000 Net operating income $400,000 How much is the company's margin of safety in

image text in transcribed

A company revealed the following figures: Sales revenue $3,240,000 Contribution margin $540,000 Net operating income $400,000 How much is the company's margin of safety in dollars? Multiple Choice $210,000 $3,100,000 $2,700,000 $2,400,000

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

External Quality Audit Has It Improved Quality Assurance In Universities

Authors: Mahsood Shah, Chenicheri Sid Nair

1st Edition

1843346761, 978-1843346760

More Books

Students also viewed these Accounting questions

Question

★★★★★

How can an e-commerce site be used to inform new product development?

Answered: 1 week ago

Question

★★★★★

The standard deviation of the return of Stock X is 82.5%, and the expected return is 8%. Calculate the coefficient of variation of this stock.

Answered: 1 week ago

Question

★★★★★

=+6.26 In Exercise 6.25, the probability that Maria completes her part on time was .8. Suppose that this probability is really only .6. Use simulation (with at least 20 trials) to estimate the...

Answered: 1 week ago

Question

★★★★★

Rick Kleckner Corporation recorded a capital lease at $300,000 on January 1, 2011. The interest rate is 12%. Kleckner Corporation made the first lease payment of $53,920 on January 1, 2011. The lease...

Answered: 1 week ago

Question

★★★★★

A company revealed the following figures: Sales revenue $3,240,000 Contribution margin $540,000 Net operating income $400,000 How much is the company's margin of safety in dollars? Multiple Choice...

Answered: 1 week ago

Question

★★★★★

Question 24 Just-in-time is a production control method designed to eliminate inventories. True False

Answered: 1 week ago

Question

★★★★★

The General Duty Clause is often used to cite employers in the absence of a specific regulation. Provide an example of when you believe the Occupational Safety and Health Administration (OSHA)...

Answered: 1 week ago

Question

★★★★★

15. Mr. Debtor owes Mr. Creditor P100, 000. On the due date, Mr. Debtor delivers a cashier's check for the full amount. Mr. Creditor refuses to accept the check. a. Debtor may make a consignation by...

Answered: 1 week ago

Question

★★★★★

How to identify hardware in a system using CLI or GUI? Make sure you cover the 5 major components of your computer along with the other components that are of interest (things like networking and GPU...

Answered: 1 week ago

Question

★★★★★

1. What music streaming services do students at Olympia High use? 33% of students use Apple Music, 41% use Spotify and 18% use both services. A-Apple Music S=Spotify (a) Create a two way table to...

Answered: 1 week ago

Question

★★★★★

If you borrow $15000 for 4 years at an interest rate of 7.44% per annum, with the interest compounding quarterly, how much will you have to pay at the end of the period? $_______________ (two decimal...

Answered: 1 week ago

Question

★★★★★

Describe the five elements of the listening process.

Answered: 1 week ago

Question

★★★★★

Identify different types of nonverbal messages and discuss their impact on the communication process.

Answered: 1 week ago

Question

★★★★★

Describe seven sources of information about job opportunities and job requirements.

Answered: 1 week ago

Previous Question Next Question