The margin of safety in the Flaherty Company is $20,000. If the company's sales are...

70.2K

Verified Solution

Question

Accounting

The margin of safety in the Flaherty Company is $20,000. If the company's sales are $150,000 and its variable expenses are $90,000, its fixed expenses must be: $8,000. $16,000. $24,000. $52,000

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