Assume the following (1) Total sales = $180,000 (2) the contribution margin ratio = 40%,...
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Accounting
Assume the following (1) Total sales = $180,000 (2) the contribution margin ratio = 40%, and (3) total fixed expenses = $45,000. Given these three assumptions, the margin of safety percentage is: Multiple Choice 58.3% 62.5% O 37.5% 150.0%
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