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Jerry and Ben Corporation manufactures picnic tables and other custom outdoor furniture. The corporation has fixed costs of $500,000 and a contribution margin ratio of
Jerry and Ben Corporation manufactures picnic tables and other custom outdoor furniture. The corporation has fixed costs of $500,000 and a contribution margin ratio of 40%. Currently, sales are $2,000,000. What is Jerry and Beris margin of safety? Muitiple Choice $2,500000 $500,000 $750,000 $1,250,000
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