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Question 16 4 pts Hostage Company's most recent income statement appears as follows: Sales (40,000 units) Less variable costs Contribution margin Less fixed costs Net
Question 16 4 pts Hostage Company's most recent income statement appears as follows: Sales (40,000 units) Less variable costs Contribution margin Less fixed costs Net income Total $260,000 156,000 $104,000 70,000 $ 34,000 Compute the margin of safety percentage: (Please enter your answer rounded to one decimal point le.g. 25.2% == 25.2]) Question 15 4 pts Blair's Taxi Service has had total expenses of $60,000 and $75,000 for February and March, respectively. Budgeted expenses for April, May, and June are $65,000, $72,000, and 68,000, respectively. The monthly expenses include $13,000 for depreciation. Prior experience has indicated that 30 percent of a month's expenses are paid in that month, 45 percent in the following month, and the remaining 25 percent in the second month following the incurrence of the expense. What are the budgeted cash disbursements for April
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