Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. robert's repair shop has a monthly target profit o

Robert's Repair Shop has a monthly target profit of $ 28000. Variable costs are 80...

80.2K

Verified Solution

Question

Accounting

Robert's Repair Shop has a monthly target profit of $ 28000. Variable costs are 80 % of sales, and monthly fixed costs are $12000.

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

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

3. Why would Robert's management want to know the shop's margin of safety?

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!
Become a Member

Other questions asked by students

Q

Resuelva cada uno de los ejercicios de pruebas NO paramétricas: Se han seleccionado aleatoriamente una muestra de...

Statistics
Q

Katie is a 7-month-old baby girl, the second child born to her parents. Her mother had...

Medical Sciences
Q

QUESTION 5 Which of the following involve s an animal cell engulfing a liquid or...

Biology
Q

88 The figure shows a brake pedal lever It is pivoted at pin B An...

Physics
Q

2 Sketch each of the following figures and its image under the expo nential map...

Geometry
Q

If the profit from the sale of x units of a product is P 105x...

Basic Math
Q

Select all correct solutions to the systems of inequalities 4x 3y 9 x 3y 6

Basic Math
Q

The average number of calories from a fast food meal for adults in the US...

Statistics
Q

Question 23 15 pf Two yards of a fabricant required for...

Accounting
Q

Hello, I was wondering if you could help me with my payroll question? ...

Accounting
Q

Company A had the following transactions during August: ...

Accounting
Q

Lakeside Incorporated produces a product that currently sells for $44 per unit. Current production costs...

Accounting