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10. EX.19-23.ALGO (Algorithmic) Margin of Safety a. If Canace Company, with a break-even point at $272,800 of sales, has actual sales of $440,000, what is

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10. EX.19-23.ALGO (Algorithmic) Margin of Safety a. If Canace Company, with a break-even point at $272,800 of sales, has actual sales of $440,000, what is the margin of safety expressed (1) in dollars and (2) as a percentage of sales? Round the percentage to the nearest whole number: 1. $ 2. b. If the margin of safety for Canace Company was 20%, fixed costs were $1,288,000, and variable costs were 80% of sales, what was the amount of actual sales (dollars)?! (Hint: Determine the break-even in sales dollars first.)

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