For Stevens Company, actual sales are $1,000,000 and break-even sales are $840,000. Compute (a) The margin of
Question:
For Stevens Company, actual sales are $1,000,000 and break-even sales are $840,000. Compute
(a) The margin of safety in dollars and
(b) The margin of safety ratio.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 46% (13 reviews)
a b Margin of safe...View the full answer
Answered By
Fahmin Arakkal
Tutoring and Contributing expert question and answers to teachers and students.
Primarily oversees the Heat and Mass Transfer contents presented on websites and blogs.
Responsible for Creating, Editing, Updating all contents related Chemical Engineering in
latex language
4.40+
8+ Reviews
22+ Question Solved
Related Book For
Accounting Principles
ISBN: 9781118566671
11th Edition
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso
Question Posted:
Students also viewed these Managerial Accounting questions
-
For Gore Company actual sales are $1,200,000 and break-even sales are $840,000. Compute (a) The margin of safety in dollars (b) The margin of safety ratio.
-
For Westerville Company actual sales are $1,200,000 and break-even sales are $900,000. Compute (a) The margin of safety in dollars (b) The margin of safety ratio.
-
The margin of safety tells managers How much profit would drop if sales decreased. How much profit would have to increase to hit target sales. How much sales would have to increase to hit the target...
-
Refer to Figure 9.3. Svetlana scores 0.70 on the responsibility scale of the CPI. Dymitri scores 0.30 on the responsibility scale of the CPI. By how many T-score points do their scores differ? Figure...
-
The supplies account had a beginning balance of $3,375 and was debited for $6,450 for supplies purchased during the year. Journalize the adjusting entry required at the end of the year, assuming the...
-
After a fire starts in a room, the walls are exposed to combustion products at 950C. If the interior wall surface is made of oak, how long after exposure to the fire will the wood surface reach its...
-
Which cost is not recorded as part of the cost of a building? a. Construction materials, labor, and overhead b. Annual building maintenance C. Real estate commission paid to buy the building d....
-
The Excel file Closing Stock Prices provides data for four stocks and the Dow Jones Industrials Index over a 1 month period. a. Develop spreadsheet models for forecasting each of the stock prices...
-
Lillian is doing some gardening, so she bought 1 kilogram of soil. She wants to spread the soil evenly between her 4 plants. How much will each plant get?
-
Suppose the daily demand curve for flounder at Cape May is given by QD = 1,600 - 600P, where QD is demand in pounds per day and P is price per pound. a. If fishing boats land 1,000 pounds one day,...
-
For Flynn Company, variable costs are 70% of sales, and fixed costs are $195,000. Managements net income goal is $75,000. Compute the required sales in dollars needed to achieve managements target...
-
Deines Corporation has fixed costs of $480,000. It has a unit selling price of $6, unit variable costs of $4.40, and a target net income of $1,500,000. Compute the required sales in units to achieve...
-
1. Darren paid the following expenses during November 2015 for his son Sean's college expenses for spring 2016 semester, which begins in January 2016: Tuition................... $12,000...
-
Graph the lines through the given points and with the given slopes as indicated in Problems 19-30. \((2,-3) ; m=1.5\)
-
The market price of the stock of the Bernstein Corporation is \(\$ 50\) per share and there are one million shares outstanding. Suppose that the management of this corporation is considering a rights...
-
A wire bent into a semicircle of radius \(R\) lies in a plane that is perpendicular to a uniform external magnetic field \(\vec{B}\). If the wire carries a current \(I\), what are the magnitude and...
-
DeMarco, a New York corporation, is a converter of textile fabrics. Nygard, a Canadian corporation, manufactures womens apparel. On or about May 11, 1989, Nygard ordered certain fabric from DeMarco...
-
For a three-phase three-wire line consisting of three solid cylindrical conductors, each with radius \(r\) and with equal phase spacing \(\mathrm{D}\) between any two conductors, the inductance in...
-
Why do companies such as Google let employees play volleyball, roller hockey, and other games at work? Is there a business reason why employees are permitted to play games at the workplace? Wouldnt...
-
A container holds 2.0 mol of gas. The total average kinetic energy of the gas molecules in the container is equal to the kinetic energy of an 8.0 10-3-kg bullet with a speed of 770 m/s. What is the...
-
In a university, 55% of students are females. Consider the probability that in a class of 100 students there will be at most 55 females. Do you expect that this probability is 0.55? Check your guess...
-
Describe the two constraints inherent in the presentation of accounting information.
-
Describe the two constraints inherent in the presentation of accounting information.
-
What is the economic entity assumption? Give an example of its violation.
-
The price weighted index initially has value 200 and consists of two stocks with prices $150 and $250 per share respectively. Each company has 1m1n shares outstanding. What is the value of the index...
-
Prepare a capital budget for the Hot New Caf with the net cash flows for this project over a 5-year period. Calculate the payback period (P/B) and the net present value (NPV) for the project. Answer...
-
Account is a domestic growth portfolio. The current holdings are primarily US exchange-traded stocks and bonds. To remain in compliance, the total portfolio may only invest up to a maximum of 5% in...
Study smarter with the SolutionInn App