1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
GenaCL600 [577]
3 years ago
13

​Matthew's Fish Fry has a monthly target operating income of​ $6,600. Variable expenses are​ 80% of sales and monthly fixed expe

nses are​ $840. What is the monthly margin of safety in dollars if the business achieves its operating income​ goal?
A. ​$29,760
B. ​$41,400
C. ​$33,000
D. ​$37,200
Business
1 answer:
Natasha2012 [34]3 years ago
5 0

Answer:

The correct answer is C

Explanation:

Break even Sales is computed as:

Contribution margin ratio = Fixed Cost / Break even Sales

where

Contribution margin ratio = 1 - Variable expense of 80%

= 20%

Fixed Cost is $840

30% = $840 / Break even Sales

Break even Sales = $840 / 20%

= $4,200

The actual sales is computed as:

Actual Sales = (Fixed Cost + Desired Profit) /  Contribution margin ratio

= ($840 + $6,600) / 20%

= $7,440 / 0.2

= $37,200

The margin of safety is computed as:

Margin of Safety = Actual Sales - Break even sales

= $37,200 - $4,200

= $33,000

You might be interested in
If an applicant has extensive training, numerous scholastic accomplishments, a high level of community involvement, and no work
Gala2k [10]
A functional/hybrid resume would be more suitable for this situation.

Chronological order is normally most supportive when itemizing work understanding, so a potential boss can see where you worked and for to what extent, so it isn't as simple to apply chronological order to your group inclusion or broad preparing.
6 0
3 years ago
The type of listing agreement that provides for payment of a commission to the broker even though the owner makes the sale witho
nasty-shy [4]

The type of listing agreement that provides for payment of a commission to the broker even though the owner makes the sale without the broker's aid is called an exclusive right to sell a listing.

Listing of exclusive distribution rights

Listing of exclusive distribution rights is the most commonly used contract. In this type of listing agreement, an agent is appointed as the sole agent of the seller and has exclusive authority to represent the property.

A California Realtor Listing Agreement is an agreement that authorizes a broker to sell an owner's property on their behalf. The contract allows them to list the property, but in most cases gives them exclusive rights to the property transaction and potentially earnable commissions.

Learn more about listing agreement here: brainly.com/question/8186569

#SPJ4

5 0
1 year ago
After all of the account balances have been extended to the Balance Sheet columns of the work sheet, the totals of the debit and
Nat2105 [25]

Answer:

huh.............................................................................................

6 0
2 years ago
If an advertiser places a TV commercial using a​ lonely, lost puppy to sell its​ products, then that advertiser is said to be ut
ryzh [129]

Answer:

correct answer is Sadvertising

Explanation:

these type of advertiser is said to be Sadvertising because it is that type of advertising by which advertiser creator is use some certain type of strategy by which they play on peoples emotion and feeling of sadness.

nowadays emotional advertising become popular in the recent year,  

many firms work for creating strong emotional ties about their product

they think ad. with emotional reaction is viewed  more likely to be shared  

so here the correct answer is Sadvertising

5 0
2 years ago
Which career pathway performs the tasks of rescuing people and giving first aid, writing parking tickets, and catching stray ani
Semenov [28]
Emergency and Fire Management services
6 0
3 years ago
Read 2 more answers
Other questions:
  • Describe three aspects of due process for a school seeking to suspend a student with disabilities
    14·1 answer
  • True or false: the nipp information-sharing approach constitutes a shift from a networked model to a strictly hierarchical struc
    9·2 answers
  • Ariel is saving money to purchase a new computer before she leaves for college in two She wants to open a special account at a d
    15·1 answer
  • Dominic is the founder of an innovative "impromptu catering" business that provides elegant, healthy party food and decorations
    11·1 answer
  • What is the most important factor to consider when selecting a credit card if you pay the balance every month on time
    10·2 answers
  • A company purchased new furniture at a cost of $17,000 on September 30. The furniture is estimated to have a useful life of 5 ye
    12·1 answer
  • On March 1 a dressmaker starts work on three custom-designed wedding dresses. The company uses job order costing and applies ove
    10·1 answer
  • Spell all words correctly.
    5·1 answer
  • What change in the book value of the company's equity took place at the end of ?
    12·1 answer
  • if the income elasticity of tomatoes is estimated to approximate 0.25, what would you expect to happen to the consumption of tom
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!