Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Bramble Corp. reported sales of $2000000 last year (100000 units at $20 each), when the break-even point was 81000 units. Bramble's margin of safety ratio

image text in transcribedimage text in transcribed

Bramble Corp. reported sales of $2000000 last year (100000 units at $20 each), when the break-even point was 81000 units. Bramble's margin of safety ratio is 23%119%19%81% For $ wifty Corporation, sales revenue is $2400000, fixed expenses are $600000, and the contribution margin ratio is 30%. What is the company's net income? $720000$180000$120000$540000

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

Auto Body And Repair Industry IRS Audit Techniques Guide

Authors: Internal Revenue Service

1st Edition

1304131661, 978-1304131669

More Books

Students also viewed these Accounting questions

Question

Can workers be trained in ethics? How? Defend your answer.

Answered: 1 week ago