Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 17, 2024

The margin of safety in Obama Company is $24,000. If the company's sales are S120,000 and its variable expenses are $80,000, what must its fixed

The margin of safety in Obama Company is $24,000. If the company's sales are S120,000 and its variable expenses are $80,000, what must its fixed expenses be? a. $8,000. b. $32,000. c. $24,000 d. $16,000. 11

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Audit Of EPAs Fiscal 2012 And 2011 Consolidated Financial Statements

Authors: U.S. Environmental Protection Agency

1st Edition

1500624705, 978-1500624705

More Books

Students also viewed these Accounting questions

Question

★★★★★

A 2.8-kg block is attached to a spring with a force constant of 375 N/m, as shown in FIGURE 8-26. (a) Find the work done by the spring on the block as the block moves from A to B along paths 1 and 2....

Answered: 1 week ago

Question

★★★★★

=+hypothesis: H0 : p1 5 1/3, p2 5 2/3, where p1 is the proportion of accidents occurring between midnight and noon and p2

Answered: 1 week ago

Question

★★★★★

Nucor Corporation produces steel and steel products at its eight mills and is a major recycler of scrap metal. The following data relate to Nucor for four years. Required: 1. Calculate Nucor's ROA...

Answered: 1 week ago

Question

★★★★★

The margin of safety in Obama Company is $24,000. If the company's sales are S120,000 and its variable expenses are $80,000, what must its fixed expenses be? a. $8,000. b. $32,000. c. $24,000 d....

Answered: 1 week ago

Question

★★★★★

Colvin Enterprises purchased a depreciable asset on October 1, Year 1 at a cost of $100,000. The asset is expected to have a salvage value of $20,000 at the end of its five-year useful life. If the...

Answered: 1 week ago

Question

★★★★★

Income Statements under Absorption Costing and Variable Costing Gallatin County Motors Inc. assembles and sells snowmobile engines. The company began operations on July 1 and operated at 100% of...

Answered: 1 week ago

Question

★★★★★

Gibson Valves produces cast bronze valves on an assembly? line, currently producing 2000 valves per shift. If the production changes to 1600 valves per? shift, labor productivity will change? by

Answered: 1 week ago

Question

★★★★★

The best-in-class value added performance has been measured at around: 80%10%50%30%

Answered: 1 week ago

Question

★★★★★

da) In 1 liters of 0.1 acetic acid, you dissolve 0.1 moles of sodium acetate. What kind of solution did you make? b) You make a solution as the one found in the earlier question by adding 7.5 grams...

Answered: 1 week ago

Question

★★★★★

Design a discovery area. Describe how you will choose the topic and give examples of the materials you will include. Choose a topic different to the example given about Bees

Answered: 1 week ago

Question

★★★★★

Control (labelled behaviour in previous work): learners prefer to rely on their own initiative, or on the direction of an instructor. This has implications for the level of control required or...

Answered: 1 week ago

Question

★★★★★

Cognitive: learners are more subjective in the way they make decisions and solve problems based on personal judgements, or base their decision making more on logic and scientific approaches. This...

Answered: 1 week ago

Question

★★★★★

Receptivity: learners are predominantly receptive to practical stimuli or theoretical stimuli for learning depending on their cultural backgrounds and their experiences in national educational...

Answered: 1 week ago

Previous Question Next Question