Use a Calculator to Find Decimal Approximations for and

question 72

Multiple Choice

Use a calculator to find decimal approximations for and . Give answers to three decimal places.

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Definitions:

Margin Of Safety

The excess of budgeted (or actual) dollar sales over the break-even dollar sales.

Variable Expenses

Expenses that fluctuate based on the level of a company's operations.

Fixed Expenses

Costs that do not change with the level of production or sales, such as rent, salaries, and insurance premiums.

Net Income

The sum of a company's income once all costs and taxes are subtracted from its total revenue.