Solved: Compute the monthly margin of safety in dollars, Financial Accounting

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Compute the monthly margin of safety in dollars

Response to the following problem:

Ronnie's Repair Shop has a monthly target operating income of $12,000. Variable expenses are 70% of sales, and monthly fixed expenses are $9,000.

Required:

1. Compute the monthly margin of safety in dollars if the shop achieves its income goal.

2. Express Ronnie's margin of safety as a percentage of target sales.

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Financial Accounting: Compute the monthly margin of safety in dollars

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Financial Accounting: Compute the monthly margin of safety in dollars

Reference No:- TGS02112977

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