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 899 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?

There are more nerve cells in one human brain than there are stars in the Milky Way.

Did you know?

Human stomach acid is strong enough to dissolve small pieces of metal such as razor blades or staples.

Did you know?

Liver spots have nothing whatsoever to do with the liver. They are a type of freckles commonly seen in older adults who have been out in the sun without sufficient sunscreen.

Did you know?

Atropine, along with scopolamine and hyoscyamine, is found in the Datura stramonium plant, which gives hallucinogenic effects and is also known as locoweed.

Did you know?

The toxic levels for lithium carbonate are close to the therapeutic levels. Signs of toxicity include fine hand tremor, polyuria, mild thirst, nausea, general discomfort, diarrhea, vomiting, drowsiness, muscular weakness, lack of coordination, ataxia, giddiness, tinnitus, and blurred vision.

Variable expressivity Variable expressivity
The monthly changes of angle between the direction of illumination by the Sun and viewing from Earth The monthly changes of angle between the direction of illumination by the Sun and viewing from Earth
Variable Gases: Carbon Dioxide Variable Gases: Carbon Dioxide
Hypersensitivity reactions and different target organs. Hypersensitivity reactions and different target organs.
Solow Model with Saving Dependent on Income Level Solow Model with Saving Dependent on Income Level
Assume z is a standard normal random variable. What is the value of z if the area to the right ... Assume z is a standard normal random variable. What is the value of z if the area to the right ...
Video: Wound Care

For a complete list of videos, visit our video library