Portemilio Company reported actual sales of $2,000,000, and fixed costs of $510,000. The contribution margin ratio is
Question:
Portemilio Company reported actual sales of $2,000,000, and fixed costs of $510,000.
The contribution margin ratio is 30%.
Requirements 1. Compute the margin of safety in dollars.
2. Compute the margin of safety ratio.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 0% (2 reviews)
Portemilio Company Margin of Safety Calculations 1 Compute the margin of safety in dollars ...View the full answer
Answered By
Joseph Mwaura
I have been teaching college students in various subjects for 9 years now. Besides, I have been tutoring online with several tutoring companies from 2010 to date. The 9 years of experience as a tutor has enabled me to develop multiple tutoring skills and see thousands of students excel in their education and in life after school which gives me much pleasure. I have assisted students in essay writing and in doing academic research and this has helped me be well versed with the various writing styles such as APA, MLA, Chicago/ Turabian, Harvard. I am always ready to handle work at any hour and in any way as students specify. In my tutoring journey, excellence has always been my guiding standard.
4.00+
1+ Reviews
10+ Question Solved
Related Book For
Horngrens Accounting The Managerial Chapters
ISBN: 9781292105871
11th Global Edition
Authors: Tracie L. Miller-Nobles, Brenda L. Mattison, Ella Mae Matsumura
Question Posted:
Students also viewed these Business questions
-
We have looked at the breakeven calculations for a single-product firm. However, most firms make more than one product - or service. Conceptually, multiple-product breakeven is the same as single...
-
Study the information given below and answer the following questions: (25 Marks) 1.1 Calculate the Payback Period of both machines (answers expressed in years, months and days). (5 marks) 1.2 Which...
-
(8) Find the derivative: (i) f(x)=x tan-(x) + (1+x)/3 - (1 **) (9) Evaluate (i) (ii) (ii) g(x)= sec- (iii) y=sin(cos(x)) (iv) y=tan-(x) dx dx 5-3. (110) Sd) (i dx 16 +36 EXTRA CREDIT: Find the...
-
Assuming @Weather is a valid repeatable annotation that takes a String, with its associated containing type annotation @Forecast, which of the following can be applied to a type declaration? (Choose...
-
A surveyor in a helicopter is determining the width of an island, as shown in the figure. (a) What is the shortest distance d the helicopter must travel to land on the island? (b) What is the...
-
What very important concept didWilson introduce in 1964?
-
Using the supplemental information below analyze the flowchart shown on the following page. Required: Identify and describe: a. Areas in the payroll processing system where the internal controls are...
-
Management of Shreveport Community Hospital has decided to allocate the budgeted costs of its three support departments (administration, public relations, and maintenance) to its three operating...
-
Question Content Area Adjustments and Errors At the end of May, the first month of operations, the following selected data were taken from the financial statements of Julie Mortenson, Attorney at...
-
Refer to the information for Organic, Inc. Requirements 1. Using absorption costing, calculate the unit product cost. 2. Prepare an income statement using the traditional format. Organic, Inc. has...
-
Darazi Company has prepared the following cost-volume-profit graph: Requirements For the items listed below, enter to the left of the item, the letter in the graph which best corresponds to the item....
-
The lightbulb in Figure P18.10 is 50 cm from a mirror. It emits 1.5 W of visible light. A small barrier blocks the direct rays of light from the bulb from reaching a sensor 70 cm to the right, but...
-
If you make a one - time deposit of $ 5 , 0 0 0 into an account that pays 1 1 % interest annually, and you also deposit $ 7 5 0 at the end of each year, how much will be in your account in 1 0 years?
-
Arts and Craas, Incorporated just paid a dividend of $ 4 . 5 per share yesterday. It sells at $ 1 0 0 a share now. Suppose that the firm s expected dividend growth rate is 1 4 % . What should be the...
-
How much will you need to save per week to have $ 3 2 4 0 0 0 after 6 years, if your account earns 9 % interest per year, compounded weekly? ( Enter an answer correct to the nearest cent. ) .
-
How long to maturity for the following bonds ( round it to the nearest year, e . g . 2 9 . 9 becomes 3 0 years ) ? i ) Bond A: par value = $ 1 , 0 0 0 ; coupon rate = 9 % ; yield to maturity = 7 . 4...
-
In canvas, take basic information in the document below and design a document (one page/sheet/slide) that uses the principles and elements to effectively communicate how to apply to Clemson How to...
-
Presented below is information related to Gantner Company for its first month of operations. Identify the balances that appear in the accounts receivable subsidiary ledger and the accounts receivable...
-
(a) Water flows through the nozzle of a garden hose. Find an expression for m in terms of line pressure P 1 , ambient pressure P 2 , inside hose diameter D 1 , and nozzle outlet diameter D 2 . Assume...
-
Set up Problem 6-18 on a spreadsheet to make all the input data variable and determine various scenarios which would make the bailer economical.
-
Develop a spreadsheet to solve Problem 6-44. What A is the breakeven cost of the additional pumping investment in year 10?
-
Define each of the following terms: a. Sole proprietorship; partnership; corporation b. Limited partnership; limited liability partnership; Professional Corporation c. Stockholder wealth maximization...
-
1. What happens to the Sec. 199A deduction if a qualified trade or business generates a loss? a. None of the choices presented are correct. b. If the net amount of the income, gain, deduction and...
-
On January 26, Bella Co. borrowed cash from Conrad Bank by issuing a 60-day note with a face amount of $76,800. Assume a 360-day year. a. Determine the proceeds of the note, assuming the note carries...
-
Goodman, Pinkman, and White formed a partnership on January 1, 2020, and made capital contributions of $125,000 (Goodman), $175,000 (Pinkman), and $250,000 (White), respectively. With respect to the...
Study smarter with the SolutionInn App