Matthew's Fish Fry Has a Monthly Target Operating Income of $7,200.Variable

question 128

Multiple Choice

Matthew's Fish Fry has a monthly target operating income of $7,200.Variable expenses are 60% of sales and monthly fixed expenses are $1,800.What is the monthly margin of safety as a percentage of target sales in dollars?

• A)120.00%
• B)40.00%
• C)80.00%
• D)400.00%

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Definitions:

Social Institutions

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Social Justice

Social justice is the concept of fair and just relations between the individual and society, measured by the distribution of wealth, opportunities for personal activity, and social privileges.

Rawls

A philosopher named John Rawls, famous for his theories of justice, including the principles of 'justice as fairness.'

Theory

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