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John Deere is an American manufacturer of agricultural, construction, and forestry machinery. The corporation has fixed costs of $500,000 and a contribution margin ratio of
John Deere is an American manufacturer of agricultural, construction, and forestry machinery. The corporation has fixed costs of $500,000 and a contribution margin ratio of 40%. Currently, sales are $3,000,000. What is John Deere's margin of safety?
A)$1,750,000
B)$1,166,667
C)$1,250,000
D)$3,500,000
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Survey of Accounting
Authors: Thomas P. Edmonds, Frances M. McNair, Philip R. Olds, Bor Yi
3rd Edition
978-1259683794, 77490835, 1259683796, 9780077490836, 978-0078110856
