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Hummel Corporation's margin of safety equals 20% of its actual sales. The company's break- even point in sales revenue is $500,000 and its contribution
Hummel Corporation's margin of safety equals 20% of its actual sales. The company's break- even point in sales revenue is $500,000 and its contribution margin ratio is 40%. Given this information, Hummel's operating income is: $55,000 $65,000 None of the above $41,500 $50,000
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