Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the following is amr corporations' contribution fo

The following is AMR Corporations' contribution format income statement for last month: $1,000,000 700,000 Sales...

90.2K

Verified Solution

Question

Accounting

image
image
image
The following is AMR Corporations' contribution format income statement for last month: $1,000,000 700,000 Sales Variable Expenses Contribution Margin Fixed Expenses Operating Income 300,000 180,000 $120.000 The company produced and sold 20,000 units. How many units would the company have to sell to attain target operating profits of $150,000?* O 22,000 units O 37,500 units O 25,000 units 26,667 units O None of the above If sales increase by 100 units, by how much should operating income increase? $400 O $4,800 $1,500 $2,500 O None of the above AlpQLSeWWXmTK920lq6LX07_KgZpOPWJG7ufXPtb1B_NKCU_11kwMA/formResponse What is the company's margin of safety in dollars? * $400,000 $600,000 O $120,000 0 $880,000 None of the above What is the company's margin of safety ratio? 250% 150% 40% 30% O None of the above

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