Proctor Company Has Fixed Costs of $315,000 and a Contribution

question 192

Essay

Proctor Company has fixed costs of $315,000 and a contribution margin ratio of 24%. If sales are expected to be $1,500,000, what is the percentage of the margin of safety?

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Definitions:

Central Traits

Personal characteristics of a target person that are of particular interest to a perceiver.

Honesty

The quality of being fair and truthful, an essential component of ethical behavior and trust-building in personal and professional relationships.

Stereotyping

The tendency to generalize about people in a certain social category and ignore variations among them.

Aspects

Different parts, features, or components of a situation, idea, or object.