Black Corporation's sales are $600,000, its fixed expenses are $150,000, and its variable expenses are 60% of sales. The margin of safety is:
A. $190,000
B. $240,000
C. $225,000
D. $90,000
Answer: C
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In a local university, 70% of the students live in the dormitories. A random sample of 75 students is selected for a particular study. The probability that the sample proportion (the proportion living in the dormitories) is at least 0.60 is
A. 0.0294. B. 0.9706. C. 0.0228. D. 0.9772.
Henriette offers financial counseling and management on a fee-only basis. She has found that different customers are willing to pay different rates for her services. This shows that her pricing decisions should depend primarily on
A. choosing an average price that she will charge all her clients. B. how much her competitors charge for similar services. C. changes in technology allowing consumers to manage their own affairs. D. how different customers perceive the value of her services. E. changes in the economy.
The key goal of job control unionism is to:
A. Replace management decision-making with worker control B. Increase the union's role in subjective decision-making C. Remove management subjectivity from decision-making D. Replace detailed work rules with more flexible decision making processes
Walker, an employee of Lakeview Corporation, drives his automobile 18,000 business miles during 2019. He pays tolls of $145 while traveling on business. What amount can Walker deduct as unreimbursed transportation expenses?
A. $0 B. $9,810 for AGI C. $9,955 for AGI D. $9,955 from AGI