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Knight Company currently has sales of $200,000, a contribution margin of 20%, and a margin of safety of $80,000. What is the companys fixed cost?

Knight Company currently has sales of $200,000, a contribution margin of 20%, and a margin of safety of $80,000. What is the companys fixed cost?

a. $96,000.

b. $24,000.

c. $80,000.

d. $16,000.

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