Work backward through margin of safety (Learning Objective 5) Bills Bait Shop had budgeted bait sales for

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Work backward through margin of safety (Learning Objective 5)

Bill’s Bait Shop had budgeted bait sales for the season at $10,000, with a $2,000 mar¬ gin of safety. However, due to unseasonable weather, bait sales reached only $9,200. Actual sales exceeded breakeven sales by what amount?

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