Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Aug 07, 2024

DUE IN 20 minutes please answer as soon as possible thank you! Assume the following (1) Total sales = $179,000 (2) the contribution margin ratio

DUE IN 20 minutes please answer as soon as possible thank you!

Assume the following (1) Total sales = $179,000 (2) the contribution margin ratio = 40%, and (3) total fixed expenses = $45,000. Given these three assumptions, the margin of safety is: 7:26 Multiple Choice $66,500. $27.000. $63,000. $105,000

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

Accounting For Investments Equities Futures And Options Volume 1

Authors: R. Venkata Subramani

1st Edition

047082431X, 978-0470824313

More Books

Students also viewed these Accounting questions

Question

★★★★★

Write structural formulas for the - and -methyl pyranosides formed by reaction of D-galactose with methanol in the presence of hydrogen chloride.

Answered: 1 week ago

Question

★★★★★

1. Develop a signal that tells students to stop what they are doing and focus on you. Some teachers move to a particular spot in the room, flick the lights, tap the table, or play a chord on the...

Answered: 1 week ago

Question

★★★★★

Sammys Pizza opened on January 1, 2016. Sammys reported the following for cash revenues and cash expenses for the years 2016 to 2018: Required a. What would Sammys Pizza report for net income and...

Answered: 1 week ago

Question

★★★★★

What does the acronym " VPN " stand for?A ) Virtual Personal NetworkB ) Virtual Private NetworkC ) Visual Private NetworkD ) Visual Personal Network

Answered: 1 week ago

Question

★★★★★

CS 3 3 0 Module Five Assignment Guidelines and Rubric Overview In this course, all the assignments have preconfigured Visual Studio projects that you should use to complete each assignment. For this...

Answered: 1 week ago

Question

★★★★★

a. Draw a triangle similar to the one drawn opposite. (i) Measure the length of side AB and let this be the base of the triangle. (ii) Draw on your diagram a line which represents the height of the...

Answered: 1 week ago

Question

★★★★★

The following data show the education and employment status of women aged 2029 (from the 1991 General Household Survey): (a) Draw a bar chart of the numbers in work in each education category. Can...

Answered: 1 week ago

Question

★★★★★

In promiscuous species of mammals, such as deer mouse, the breeding success of males can be predicted from their testes size and the number of sperm they produce. Fisher et al. (2018) investigated...

Answered: 1 week ago

Question

★★★★★

Implicit in the stop-and-wait scenarios of Figure 2.14 is the notion that the receiver will retransmit its ACK immediately on receipt of the duplicate data frame. Suppose instead that the receiver...

Answered: 1 week ago

Question

★★★★★

The following information pertains to Bay Cabinet Company's sales on account and accounts receivable: After several collection attempts, Bay Cabinet Company wrote off $\$ 2,800$ of accounts that...

Answered: 1 week ago

Question

★★★★★

Why has government been interested in providing financial security to workers through laws? What areas do you think are likely to receive government attention in the future to ensure employee...

Answered: 1 week ago

Question

★★★★★

What are some suggestions you would have for Sara on how to save money on the benefit package? In addition to reducing benefit coverage or increasing employee deductibles across all staff, what other...

Answered: 1 week ago

Question

★★★★★

What steps will Sara need to take to conduct a benefit audit?

Answered: 1 week ago

Previous Question Next Question