This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Julia's Catering has a monthly target operating income of $6,000. Variable expenses are 40% of sales ... (Read 345 times)

vHAUNG6011

  • Hero Member
  • *****
  • Posts: 514
on: Jan 5, 2020
Julia's Catering has a monthly target operating income of $6,000. Variable expenses are 40% of sales and monthly fixed expenses are $3,600.


What is the monthly margin of safety in dollars if Julia's Catering achieves its' operating income goal?
◦ $16,000
◦ $4,000
◦ $22,000
◦ $10,000
Managerial Accounting, Canadian Edition ¦ Braun, Tietz, Pyper ¦ 2nd Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by vHAUNG6011 on Jan 5, 2020

cuttiesgirl16

  • Sr. Member
  • ****
  • Posts: 345
Reply #1 on: Jan 5, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 30% of students answer this correctly


MirandaLo

  • Hero Member
  • *****
  • Posts: 538
Reply #2 on: Jan 5, 2020
Julia's Catering has a monthly target operating income of $6,000. Variable expenses are 40% of sales and monthly fixed expenses are $3,600.


What is the monthly margin of safety as a percentage of target sales in dollars at Julia's Catering?
◦ 62.50%
◦ 60.00%
◦ 166.67%
◦ 137.50%


katieost

  • Sr. Member
  • ****
  • Posts: 358
Reply #3 on: Jan 5, 2020
62.50%


gonzo233

  • Hero Member
  • *****
  • Posts: 557
Reply #4 on: Jan 5, 2020
Julia's Catering has a monthly target operating income of $6,000. Variable expenses are 40% of sales and monthly fixed expenses are $3,600.


What is Julia's operating leverage factor at the target level of operating income?
◦ 0.63
◦ 2.67
◦ 1.60
◦ 0.40


parshano

  • Sr. Member
  • ****
  • Posts: 333
Reply #5 on: Jan 5, 2020
1.60


« previous next »
 

Did you know?

The horizontal fraction bar was introduced by the Arabs.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

Pubic lice (crabs) are usually spread through sexual contact. You cannot catch them by using a public toilet.

Did you know?

There are immediate benefits of chiropractic adjustments that are visible via magnetic resonance imaging (MRI). It shows that spinal manipulation therapy is effective in decreasing pain and increasing the gaps between the vertebrae, reducing pressure that leads to pain.

Did you know?

Excessive alcohol use costs the country approximately $235 billion every year.

Ovulation Process The two ovaries alternate ovulation in each monthly cycle. Ovulation Process The two ovaries alternate ovulation in each monthly cycle.
Base pairing with target RNAs distinguishes miRNA and siRNA Base pairing with target RNAs distinguishes miRNA and siRNA
Global Stratification: Income of the World's Nations Global Stratification: Income of the World's Nations
Anterior pituitary and its target organs. Anterior pituitary and its target organs.
Relationship between Income and Happiness in the United States Relationship between Income and Happiness in the United States
Determination of Income Inequality Determination of Income Inequality
Video: Photosynthesis and Van Helmont Experiment

For a complete list of videos, visit our video library