A Business Had a Margin of Safety Ratio of 20

question 88

Essay

A business had a margin of safety ratio of 20%, variable costs of 75% of sales, fixed costs of $240,000, a break-even point of $960,000, and operating income of $60,000 for the current year. Calculate the current year's sales.

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Developmental Scientist

A researcher specializing in the study of how humans change and grow over the course of their lives, from infancy through old age.

Brain Development

The process involving growth and reshaping of the brain from infancy through adulthood, influenced by genetics, environment, and experience.

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Structured educational system that runs from primary through tertiary education, typically in a school or university and adhering to a set curriculum.