Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. ative su quick answers in text citation ebook show

ative SU Quick Answers In text Citation eBook Show Me How Margin of Safety a....

60.1K

Verified Solution

Question

Accounting

image
ative SU Quick Answers In text Citation eBook Show Me How Margin of Safety a. I Canace Company, with a break-even point at $446,400 of sales, has actual sales of $720,000, what is the margin of safety expressed (1) in dollars and (2) as a percentage of sales? Round the percentage to the nearest whole number. 1. 273,600 2. 38 b. If the margin of safety for Canace Company was 25%, fixed costs were $1,055,625, and variable costs were 75% of sales, what was the amount of actual sales (dollars)? (Hint: Determine the break-even in sales dollars first.) 563,333 Feedback Check My Wor (Sales minus sales at break-even) divided by sales equals margin of safety b. Sales minus variable costs equals contribution margin. Fixed costs divided by unit contribution margin equals break-even point (Sales minus sales at break-even) divided by sales equals margin of safety, do 12:09 PM 7/3/2021 BI 9

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

Q

Explain how the processing parameters for INJECTION MOULDING can influence the tensile strength for a given polymer,...

Mechanical Engineering
Q

13 Assertion When a convex lens is placed on a plane mirror image of a...

Physics
Q

11 Clifford and Hazel Ida can purchase a 4 year CD for 10 000 at...

Basic Math
Q

12 Two dice one red one green are cast and the uppermost numbers are observed...

Statistics
Q

a calculator to evaluate 29C plify your answer Type an integer or a fraction

Calculus
Q

Please answer all the questions. Thanks! ...

Accounting
Q

Consider each of the transactions below. All of the expenditures were made in cash. ...

Accounting
Q

o You are planning for a very early retirement. You would like to retire at...

Accounting
Q

The Carlton Corporation has $7 million in earnings after taxes and 2 million shares outstanding....

Finance
Q

The inventory costing method used by a company (LIFO, FIFO, etc.) will affect: Asset Turnover...

Finance
Q

What is the NPV (net present value) of a project that has an initial investment...

Finance
Q

1. Download the same dataset of SPY return from 1/3/2000 that we have been working...

Finance