Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 28, 2024

Flower Shop had the following activity for June: Total mirrors sold:20,000 Total sales revenue:855,000 Total fixed costs:300,000 Total variable costs:513,000 What was Flower Shop Margin

Flower Shop had the following activity for June:

Total mirrors sold:20,000

Total sales revenue:855,000

Total fixed costs:300,000

Total variable costs:513,000

What was Flower Shop Margin of Safety, measured in sales dollars?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial & Managerial Accounting

Authors: Jan Williams

16th Edition

78111048, 978-0078111044

More Books

Students also viewed these Accounting questions

Question

★★★★★

If the auditor plans to assess control risk at less than the maximum and rely on controls, and the nature, timing, and extent of further audit procedures are based on that lower assessment, the...

Answered: 1 week ago

Question

★★★★★

13. Engineering: Light Bulbs Two processes for manufacturing 60-watt light bulbs are under study. In both cases, the life (in hours) of the bulb before it burns out is being examined. A random sample...

Answered: 1 week ago

Question

★★★★★

44. The number of customers entering a store on a given day is Poisson distributed with mean = 10. The amount of money spent by a customer is uniformly distributed over (0, 100). Find the mean and...

Answered: 1 week ago

Question

★★★★★

George Bailey Corporation experienced a fire on December 31, 2013, in which its financial records were partially destroyed. It has been able to salvage some of the records and has ascertained the...

Answered: 1 week ago

Question

★★★★★

Using the Annual Report of any company of your choice answer the following questions in the Discussion: 1) Did your company have any preferred stock at year end? 2) How much of the company's common...

Answered: 1 week ago

Question

★★★★★

The management of Mitchell Labs decided to go private in 2002 by buying all 2.20 million of its outstanding shares at $21.50 per share. By 2006, management had restructured the company by selling off...

Answered: 1 week ago

Question

★★★★★

Which country has the absolute advantage in computer production? Use the following table: Amount of Beef or Computers Produced by One Worker in a Day Canada Beef Computers Japan 8 5 3 4

Answered: 1 week ago

Question

★★★★★

Which country has the comparative advantage in computer production? Use the following table: Amount of Beef or Computers Produced by One Worker in a Day Canada Beef Computers Japan 8 5 3 4

Answered: 1 week ago

Question

★★★★★

A metal sphere is grounded and an electrically charged rod is held close to it. The sphere acquires a charge $q$. The grounding wire is removed, and the sphere is brought in contact with another...

Answered: 1 week ago

Question

★★★★★

Consider the nonlinear regression model $y=\exp \left(\mathbf{x}^{\prime} \boldsymbol{\beta} ight) /\left[1+\exp \left(\mathbf{x}^{\prime} \boldsymbol{\beta} ight) ight]+u$, where the error term is...

Answered: 1 week ago

Question

★★★★★

The term blue chip applies to stocks issued by a company in excellent financial standing with a record of producing earnings and paying dividends. Stocks in companies such as GE and Chrysler were...

Answered: 1 week ago

Question

★★★★★

2. List five points that are crucial to pay attention to if you want to positively influence someone from a foreign culture.

Answered: 1 week ago

Question

★★★★★

1. Discuss what you think is meant by the following statements: a) Splitting an egg into half to get two chickens. b) We cannot study time by taking apart a clock.

Answered: 1 week ago

Question

★★★★★

5. Give some examples of hidden knowledge.

Answered: 1 week ago

Previous Question Next Question