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Please show how you got the answer. Thank you Question 9 0 out of 8 points Practicality Partnership provides budgeting and financial investment counseling. The
Please show how you got the answer. Thank you
Question 9 0 out of 8 points Practicality Partnership provides budgeting and financial investment counseling. The firm earned $500,000 in revenue and incurred $100,000 in variable costs last month. If the firm has $250,000 in fixed costs each month, Last month, what was the firm's margin of safety (in revenue dollars) and degree of operating leverage? Selected Answer: C. Margin of safety: $187,500; Degree of operating leverage: 0.375 a. Margin of safety: $312,500; Degree of operating leverage: 2.667 b. Margin of safety: $187,500; Degree of operating leverage: 2.667 c. Margin of safety: $187,500; Degree of operating leverage: 0.375 d. Margin of safety: $312,500; Degree of operating leverage: 0.375 AnswersStep by Step Solution
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