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 339 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?

All patients with hyperparathyroidism will develop osteoporosis. The parathyroid glands maintain blood calcium within the normal range. All patients with this disease will continue to lose calcium from their bones every day, and there is no way to prevent the development of osteoporosis as a result.

Did you know?

Giardia is one of the most common intestinal parasites worldwide, and infects up to 20% of the world population, mostly in poorer countries with inadequate sanitation. Infections are most common in children, though chronic Giardia is more common in adults.

Did you know?

About 3.2 billion people, nearly half the world population, are at risk for malaria. In 2015, there are about 214 million malaria cases and an estimated 438,000 malaria deaths.

Did you know?

Human neurons are so small that they require a microscope in order to be seen. However, some neurons can be up to 3 feet long, such as those that extend from the spinal cord to the toes.

Did you know?

The newest statin drug, rosuvastatin, has been called a superstatin because it appears to reduce LDL cholesterol to a greater degree than the other approved statin drugs.

Worldwide Variations in Population and Income Levels Developed countries represent only 18% of the Worldwide Variations in Population and Income Levels Developed countries represent only 18% of the
Sociologists use income, education, and occupational prestige to measure social class. For most ... Sociologists use income, education, and occupational prestige to measure social class. For most ...
The schematic of a variable valve timing control circuit, showing that battery power (+) is being ... The schematic of a variable valve timing control circuit, showing that battery power (+) is being ...
Red Bull uses strategies that help it target college-aged, young-adult consumers Red Bull uses strategies that help it target college-aged, young-adult consumers
Percentage of higher-income Canadian households Percentage of higher-income Canadian households
If the random variable x is exponentially distributed with parameter λ = 4, then P(x ≤ ... If the random variable x is exponentially distributed with parameter λ = 4, then P(x ≤ ...
Video: How does an animal choose what food to eat?

For a complete list of videos, visit our video library