KR Sales Had $1,200,000 in Sales Last Month

question 30

Multiple Choice

KR Sales had $1,200,000 in sales last month.The variable cost ratio was 60% and operating profits were $80,000.What is KR's margin of safety?

• A)$200,000
• B)$300,000
• C)$500,000
• D)Cannot determine with the information given.

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Definitions:

Bicultural Audit

A thorough examination that assesses how well an individual or organization navigates and integrates two distinct cultural identities or practices.

Corporate Culture

The shared values, beliefs, and practices that define the character and behavior of an organization and its members.

Corporate Cults

Organizations that cultivate intense employee loyalty and devotion, sometimes to the point of excluding outside influences and fostering an insular culture.

Subcultures

Distinct cultural groups within a larger culture, each with its own values, practices, and beliefs that differentiate them from the broader culture.