Answered step by step
Verified Expert Solution
Question
1 Approved Answer
if budgeted revenues are $450,000, breakeven revenues are $200,000, and fixed costs are $100,000, the margin of safety is Select one: a. 52.33% b. 55.56%
if budgeted revenues are $450,000, breakeven revenues are $200,000, and fixed costs are $100,000, the margin of safety is Select one: a. 52.33% b. 55.56% c. 45.56% d. 34.35%
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