James company has a margin of safety percentage


James Company has a margin of safety percentage of 20% based on its actual sales. The break-even point is $190,000 and the variable expenses are 40% of sales. Given this information, the actual profit is:


$15,200

$21,250

$22,800

$28,500

thank you

 

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Accounting Basics: James company has a margin of safety percentage
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