Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

image text in transcribed
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

blur-text-image

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

blur-text-image_2

Step: 3

blur-text-image_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

=+b) What type of probability did you find in part a?

Answered: 1 week ago