Question
a) Ted has VC/unit = $34.10. The VC% = 55%. What is Ted's margin of safety measured in units of ATNI = $160,146? (assume 30%
a) Ted has VC/unit = $34.10. The VC% = 55%. What is Ted's margin of safety measured in units of ATNI = $160,146? (assume 30% tax rate)
b) Dennis Corp has the following Total sales Data:
January $200,000
February $192,000
March $215,000
Credit sales represent 80% of total sales. Credit card sales are collected 25% in the month of sale, 60% in the first month after sale. and 13% in the second month after sale. What are estimated cash collections during March?
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Accounting Fraud, Maneuvering And Manipulation, Past And Present
Authors: Gary Giroux
2nd Edition
1947098748, 9781947098749
