Financial and Managerial Accounting: Information for Decisions, Sixth Edition - Exercise 18-17 (Page 828)

Exercise 18-17 Target income and margin of safety (in dollars) C2 Refer to the information in Exercise 18-16 1. Assume Hudson Co. has a target pretax income of $162,000 for 2016. What amount of sales in dol- lars) is needed to produce this target income? 2. If Hudson achieves its target pretax income for 2016, what is its margin of safety (in percent)? (Round to one decimal place.)