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Columbia Corporation plans sales of $2,000,000 for the coming period, which top management expects will...

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Accounting

Columbia Corporation plans sales of $2,000,000 for the coming period, which top management expects will result in a profit of $200,000. The break-even point has been determined to be $1,500,000 of sales. Required: Compute the margin of safety and the margin of safety ratio. (1)

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