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The margin of safety is equal to: a. Sales - Net operating income. b. Sales - (Variable expenses/Contribution margin). c. Sales - (Fixed expenses/Contribution margin
The margin of safety is equal to:
| a. | Sales - Net operating income. | |
| b. | Sales - (Variable expenses/Contribution margin). | |
| c. | Sales - (Fixed expenses/Contribution margin ratio). | |
| d. | Sales - (Variable expenses + Fixed expenses). |
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Auditing A Guide To Principles And Practice
Authors: J H Crowhurst
1st Edition
0304309052, 978-0304309054
