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James Company has a margin of safety percentage of 20% based on its actual sales. The break-even point is $200,000 and the variable expenses are
James Company has a margin of safety percentage of 20% based on its actual sales. The break-even point is $200,000 and the variable expenses are 45% sales. Given this information, the actual profit is A) 27,500 B) 18,000 C) 22,500 D) 22,000 (Could you explain how did you get the answer?)
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