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A company with a break-even point at $900,000 in sales revenue had fixed costs of $225,000. When actual sales were $1,000,000, variable costs were $750,000. Determine
(a) the margin of safety expressed in dollars,
(b) the margin of safety expressed as a percentage of sales,
(c) the contribution margin ratio, and
(d) the operating income.
Persuasive Message
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Logic
The study of principles of reasoning, especially of the structure of propositions and the way in which they relate to each other to form valid arguments.
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Testable explanation of a natural phenomenon.
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A naturally occurring event or occurrence that can be observed in the physical world, not caused by humans.
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