Question
Lake Sales had $2,600,000 in sales last month. The contribution margin ratio was 40% and operating profits were $180,000. What is Lake's margin of safety
Lake Sales had $2,600,000 in sales last month. The contribution margin ratio was 40% and operating profits were $180,000. What is Lake's margin of safety in sales dollars?
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Research Methods For Accounting And Finance Global Management Series
Authors: Audrey Paterson, Kevin D. Ogorman, David Leung, Robert Macintosh, William Jackson
1st Edition
1910158895, 978-1910158890
