For Kosko Company, actual sales are $1,200,000 and break-even sales are $960,000. Compute (a) The margin of
Question:
For Kosko Company, actual sales are $1,200,000 and break-even sales are $960,000. Compute
(a) The margin of safety in dollars
(b) The margin of safety ratio.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 77% (9 reviews)
1 margin of safety in dollars actual ...View the full answer
Answered By
Marvine Ekina
Marvine Ekina
Dedicated and experienced Academic Tutor with a proven track record for helping students to improve their academic performance. Adept at evaluating students and creating learning plans based on their strengths and weaknesses. Bringing forth a devotion to education and helping others to achieve their academic and life goals.
PERSONAL INFORMATION
Address: , ,
Nationality:
Driving License:
Hobbies: reading
SKILLS
????? Problem Solving Skills
????? Predictive Modeling
????? Customer Service Skills
????? Creative Problem Solving Skills
????? Strong Analytical Skills
????? Project Management Skills
????? Multitasking Skills
????? Leadership Skills
????? Curriculum Development
????? Excellent Communication Skills
????? SAT Prep
????? Knowledge of Educational Philosophies
????? Informal and Formal Assessments
0.00
0 Reviews
10+ Question Solved
Related Book For
Managerial Accounting Tools For Business Decision Making
ISBN: 9781119754053
9th Edition
Authors: Jerry J Weygandt, Paul D Kimmel, Jill E Mitchell
Question Posted:
Students also viewed these Business questions
-
For Kosko Company actual sales are $1,200,000 and break-even sales are $960,000. Compute (a) The margin of safety in dollars and (b) The margin of safety ratio.
-
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.
-
Given that the notion of HRM is seen in some countries to be more advanced than the idea of personnel management, why might the latter continue to be the preferred terminology in most of Europe?
-
What is a partial-negotiation policy? How might devices such as price-matching guarantees reduce the risks of such a policy?
-
Keesha Co. borrows $200,000 cash on November 1, 2015, by signing a 90-day, 9% note with a face value of $200,000. 1. On what date does this note mature? (Assume that February of 2015 has 28 days.) 2....
-
Company E reported net income of $100,000 for 20X1. Assume the income was earned evenly throughout the year. Dividends of $10,000 were paid on December 31. What will Company R report as investment...
-
Working backward to consolidation relations. Laesch Company, as parent, owns shares in Lily Company. Laesch has owned the shares since it formed Lily. Lily has never declared a dividend. Laesch has...
-
Enterprise makes 2 products, tables and chairs. Tables have a contribution margin per unit of $16.00 and chairs have a contribution margin per unit of $24.00. Enterprise has annual fixed costs of...
-
The following tax information is extracted from Mrs. Hawkins' books and records: Employment income = $72,000 Interest Income = $5,00 Capital gain (on securities) = $9,900 Deductible carrying charges...
-
The traditional GAAP income statement for Wheat Company shows sales $900,000, cost of goods sold $500,000 and operating expenses $200,000. Assuming all costs and expenses are 75% variable and 25%...
-
Data for Hollins Company are given in BE3A.8. Production records indicate that 18,000 units were transferred out, and 2,000 units in ending work in process were 50% complete as to conversion costs...
-
What are three different ways preventive maintenance is scheduled? LO.1
-
St. Cecilia's Health System's current culture may be defined by a blend of historical ideals and problems. Given its history of primarily caring for women and children, it is likely to place a...
-
For this assignment, imagine we are the supervisor of case managers who come to us for support and guidance. You have noticed a theme of questions that are frequently asked, which mostly surround...
-
Audio Partners needs to invest in the next level of technology in order to be competitive. The company is exploring the purchase of a new piece of equipment that will cost $1,500,000, at an expected...
-
Choose a real company of their choosing and will focus on ways to help increase the company's digital consumer engagements. For example, how can the company better drive increased revenue, sales,...
-
Four morally and ethically relevant principles have been examined regarding scarcity and include: Treating people with consistency through the use of a lottery or first-come first-served basis...
-
Control Alt Design Ltd. acquired 30% of the outstanding ordinary shares of Walter Company on January 1, 2020, by paying 800,000 for the 45,000 shares. Walter declared and paid 0.30 per share cash...
-
Compare and contrast debt financing and equity financing as ways of starting a new business. Does one have an overall advantage over the other? What situation is more favorable to the use of debt...
-
Perine Company has 2,000 pounds of raw materials in its December 31, 2021, ending inventory. Required production for January and February of 2022 are 4,000 and 5,000 units, respectively. Two pounds...
-
Hill Industries had sales in 2021 of $6,800,000 and gross profit of $1,100,000. Management is considering two alternative budget plans to increase its gross profit in 2022. Plan A would increase the...
-
Paige Company estimates that unit sales will be 10,000 in quarter 1, 14,000 in quarter 2, 15,000 in quarter 3, and 18,000 in quarter 4. The unit selling price is $70. Management desires to have an...
-
Nelo Partnership had three partners, whose capital balances on June 30 were as follows: Jack $50,000, Andy $35,000, Nick $22,000. The profit-sharing ratio is 6:4:2 (Jack, Andy, Nick). On July 1,...
-
Alex buys a Blu-ray disc costing $14.49. Use the table below to find the sales tax on this item. Amount of Sale ($) Tax ($) 13.70 13.89 0.69 13.90 14.09 0.70 14.10 14.29 0.71 14.30 14.49 0.72 14.50...
-
Show partial income statements through gross margin for all three methods, assuming both products are further processed into Current Attempt in Progress It's mind - boggling the number of products...
Study smarter with the SolutionInn App