Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A company's income statement is as follows: Revenues $8,786.000 Cost of Goods Sold 5,800.000 Gross Margin 2,986.000 Selling Expenses 1.260,000 Administrative Expenses 850.000 Net Operating

image text in transcribed
A company's income statement is as follows: Revenues $8,786.000 Cost of Goods Sold 5,800.000 Gross Margin 2,986.000 Selling Expenses 1.260,000 Administrative Expenses 850.000 Net Operating Income (NOD) 876,000 Q. The company's margin of safety is $2,190,000, If the company's target NOI is $996,000, how much revenues would the company need to earn? ANS. $

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

blur-text-image_2

Step: 3

blur-text-image_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

Cornerstones Of Financial Accounting

Authors: Jay Rich, Jeff Jones

3rd Edition

1285424409, 978-1285423678

Students also viewed these Accounting questions

Question

Why is copyright law important in cyberspace?

Answered: 1 week ago

Question

What risks come with the reliance on authority for knowledge?

Answered: 1 week ago

Question

An improvement in the exchange of information in negotiations.

Answered: 1 week ago

Question

1. Effort is important.

Answered: 1 week ago