please answer all 3 parts Reynoids Repair Shop has a...
80.2K
Verified Solution
Link Copied!
Question
Accounting
please answer all 3 parts
Reynoids Repair Shop has a monthly target profit of $28,000. Variable costs are 80% of sales, and monthly fixed costs are $12,000. Requirements 1. Compute the monthly margin of salety in dollars if the shop achleves its income goal. 2. Express Reynold's margin of salety as a percentage of target sales. 3. Why would Roynold's management want to know the shop's margin of satety? Requirement 1. Compule the monthly margin of safety in dollars if the shop achieves its income goal Select the tabeis and onter the amounts to compule Reynold's Repair Shop's monehly margin of safety in delars
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!