Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Assume the following (1) Total sales = $139,000 (2) the contribution margin ratio = 40%, and (3) total fixed expenses = $45,000. Given these three
Assume the following (1) Total sales = $139,000 (2) the contribution margin ratio = 40%, and (3) total fixed expenses = $45,000. Given these three assumptions, the margin of safety is:
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
