Bait Shop had budgeted bait sales for the season at $19,000, with a $11,400 margin...
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Accounting
Bait Shop had budgeted bait sales for the season at $19,000, with a $11,400 margin of safety. However, due to unseasonable weather, bait sales reached only $17,950. Actual sales exceeded break-even sales by what amount?
Begin by rearranging the margin of safety formula to solve for the break-even sales in dollars.
. Minus . = break even sales in dollars.
Actual sales exceeded break-even sales by ..
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