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Harold McWillams owns and manages a general merchandise store in a rural area of Virginia. Harold sells appliances, clothing, auto parts, and farming equipment, among

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Harold McWillams owns and manages a general merchandise store in a rural area of Virginia. Harold sells appliances, clothing, auto parts, and farming equipment, among a wide vanety of other types of merchandise. Because of normal seasonal and cyclical fluctuations in the local economy, he knows that his business will also have these fluctuations, and he is planning to use CvP analysis to help him understand how he can expect his profits to change with these fluctuations. Harold has the following information for his most recent year, Cost of goods sold represents the cost paid for the merchandise he sells, while operating costs represent rent, insurance, and salarles, which are entrely fixed Required: 1-a. What is Harold's margin of safety (MOS) in dollars? (Do not round intermediate calculatlons.) 1.b. What is the margin of safety (MOS) ratio? (Input your answer as a percentage rounded to 2 decimal places (1.e., 0.1567 15.67 ) 3. What is Harold's margin of safety (in doliars) and operating profit if sales should fall to $675,000 ? (Do not round Intermediete calculations.)

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