Tom's Taxidermy has a monthly target operating income of $25,000. Variable expenses are 75% of sales and monthly fixed expenses are $15,000. What is the monthly margin of safety in dollars if the business achieves its operating income goal?
A) $220,000
B) $160,000
C) $40,000
D) $100,000
Correct Answer:
Verified
Q222: Matthew's Fish Fry has a monthly target
Q225: Matthew's Fish Fry has a monthly target
Q229: Fancy Furniture has variable expenses of 40%
Q232: Stanley's Candies is considering building a new
Q235: Stanley's Candies is considering building a new
Q236: Matthew's Fish Fry has a monthly target
Q238: Tom's Taxidermy has a monthly target operating
Q241: Yellow Company's variable expenses are 40% of
Q242: Yellow Company's variable expenses are 40% of
Q257: Yellow Company's variable expenses are 40% of
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents