chutes company sells slides for $400 each. If their fixed cost is $300,000 total, what...

80.2K

Verified Solution

Question

Accounting

chutes company sells slides for $400 each. If their fixed cost is $300,000 total, what is the margin of safety ratio if chutes expects to achieve a net income of $800,000 when variable cost are $100 each?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students