There are 5 remaining simple parts to the question

Edward's Repair Shop has a monthly target operating income of $15,000. Variable expenses are 70% of sales, and monthly fixed expenses are $12,000. Read the requirements. Requirement 1. Compute the monthly margin of safety in dollars if the shop achieves its income goal. Requirements Begin by identifying the formula to compute the margin of safety. Target sales in dollars Breakeven sales in dollars Margin of safety in dollars (Round intermediate calculations up to the nearest whole dollar and your final answer to the nearest whole dollar.) 1. Compute the monthly margin of safety in dollars if the shop achieves its income goal. 2. Express Edward's margin of safety as a percentage of target sales. 3. What is Edward's operating leverage factor at the target level of operating income? 4. Assume that the company reaches its target. By what percentage will the company's operating income fall if sales volume declines by 8%? The margin of safety is $ 7000 Print Done Enter any number in the edit fields and then click Check