Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 28, 2024

Gladstone Co. has expected sales of $326,000 for the upcoming month and its monthly break even sales are $300,000. What is the margin of safety

Gladstone Co. has expected sales of $326,000 for the upcoming month and its monthly break even sales are $300,000. What is the margin of safety as a percent of sales, rounded to the nearest whole percent?

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

Management Accounting In A Dynamic Environment

Authors: Cheryl S McWatters, Jerold L Zimmerman

1st Edition

0415839025, 9780415839020

More Books

Students also viewed these Accounting questions

Question

★★★★★

Ringo loves playing rock n roll music at high volume. Luciano loves opera and hates rock n roll. Unfortunately, they are next-door neighbors in an apartment building with paper-thin walls. a. What is...

Answered: 1 week ago

Question

★★★★★

A mixture of 2 mol of CO2 and 1 mol of O2 is heated to 3200 K at a pressure of 2 atm. Determine the equilibrium composition of the mixture, assuming that only CO2, CO, O2, and O are present.

Answered: 1 week ago

Question

★★★★★

=+d) Would you reject that hypothesis at 0.05? What do you conclude? Section 18.3

Answered: 1 week ago

Question

★★★★★

Ronald Naquin, an employee of Air Engineered Systems & Services, Inc., owned one-third of its outstanding shares. After six years, he was fired and an offer was made to buy out his interest in Air...

Answered: 1 week ago

Question

★★★★★

What is the payback period for this project? A project is expected to have the following cash flow: Time 0: -$1,700 Time 1: $200 Time 2: $230 Time 3: $255 Time 4: $300 Time 5: $340 Time 6: $390 What...

Answered: 1 week ago

Question

★★★★★

Score Count (40-50) 2 (50-60) 2 (60-70) 4 (70-80) 4 (80-90) 3 (90-100) 1 What percentage of students earned a grade of less than 90?___% Round percentage to the nearest whole number P.S. If you can...

Answered: 1 week ago

Question

★★★★★

Assume that investor's care about the first four moments of the return distribution. Given the following information which investment would investors prefer? Stock A: Mean Return = 10%, Standard...

Answered: 1 week ago

Question

★★★★★

How is power divided between the Board of Directors, individual directors and shareholders? Why power is divided this way? Does this division of power create any issues? If so, for whom?

Answered: 1 week ago

Question

★★★★★

Consider the demand equation for University of Alberta hoodies p = -0.03x + 30.0 for 0 x 1000. This describes the relation between the hoodie price p in dollars and the amount of hoodies demanded....

Answered: 1 week ago

Question

★★★★★

25.0 m C B A 52.0 m 65.0 m

Answered: 1 week ago

Question

★★★★★

Explain the difference between traditional square of opposition and modern square of oppositions.

Answered: 1 week ago

Question

★★★★★

1. The concepts that are used to describe social situations are mental constructions.

Answered: 1 week ago

Question

★★★★★

The facts rule: We have a tendency to have more confidence in information that is documented with figures than information that isnt.

Answered: 1 week ago

Question

★★★★★

The permanence rule: We tend to have more confidence in information that is of a more permanent nature than information that is of a temporary nature.

Answered: 1 week ago

Previous Question Next Question