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I'm unsure with my answer. Question 2 During May, XYZ Company sold 9,000 units and reported the following income statement: Sales $540,000 Variable costs 216,000
I'm unsure with my answer.
Question 2 During May, XYZ Company sold 9,000 units and reported the following income statement: Sales $540,000 Variable costs 216,000 Fixed costs 117,000 $207,000 Net income Calculate the margin of safety reported by XYZ Company for May. 345,000Step by Step Solution
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Analysing Financial Statements For Non-Specialists
Authors: Jim OHare
2nd Edition
1138641529, 9781138641525
