Refer to the information in Exercise 21-16. 1. Assume Hudson Co. has a target pretax income of
Question:
Refer to the information in Exercise 21-16.
1. Assume Hudson Co. has a target pretax income of $162,000 for 2020. What amount of sales (in dollars) is needed to produce this target income?
2. If Hudson achieves its target pretax income for 2020, what is its margin of safety (in percent)? (Round to one decimal place.)
Data from Exercise 21-16
Hudson Co. reports the contribution margin income statement for 2019 below. Using this information, compute HudsonCo.’s
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