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James Company has a margin of safety percentage of 20% based on its actual sales. The break-even point is $300,000 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 $300,000 and the variable expenses are 40% of sales. Given this information, the actual profit is: (Do not round intermediate calculations.) |
Which below is the correct answer?
$24,000 $35,000 $36,000 $45,000
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