Question: BE 1 9 . 5 ( LO 1 ) , AP For Rivera Company, variable costs are 7 0 % of sales, and fixed costs

BE19.5(LO 1), AP For Rivera Company, variable costs are 70% of sales, and fixed costs are $210,000. Managements net income goal is $60,000. Compute the required sales needed to achieve managements target net income of $60,000.(Use the mathematical equation approach.)
Compute the margin of safety and the margin of safety ratio.

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