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Assume the following (1) Total sales = $180,000 (2) the contribution margin ratio = 40%, and (3) total fixed expenses = $45,000. Given these
Assume the following (1) Total sales = $180,000 (2) the contribution margin ratio = 40%, and (3) total fixed expenses = $45,000. Given these three assumptions, the margin of safety is: Multiple Choice $27,000. $105,000. $67,500. O $63,000.
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Financial Accounting
Authors: Robert Libby, Patricia Libby, Daniel Short, George Kanaan, M
5th Canadian edition
9781259105692, 978-1259103285
