Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 27, 2024

Henderson Co. has fixed costs of $21,000 and a contribution margin ratio of 24%. If expected sales are $125,000, what is the margin of safety

Henderson Co. has fixed costs of $21,000 and a contribution margin ratio of 24%. If expected sales are $125,000, what is the margin of safety as a percent of sales?

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 Accounting

Authors: Kermit D. Larson, Paul B. W. Miller

5th Edition

0256091935, 978-0256091939

More Books

Students also viewed these Accounting questions

Question

★★★★★

The San Marcos Inn is trying to determine its break-even point. The inn has 50 rooms that it rents at $60 a night. Operating costs are as follows. Salaries ........$7,200 per month Utilities...

Answered: 1 week ago

Question

★★★★★

The form for the distribution shown in Equation (8.5) was discovered and published by Simon-Denis Poisson (17811840). One of the first applications of the Poisson distribution was in the 19th...

Answered: 1 week ago

Question

★★★★★

What is historiography? What issues are typically studied in historiography?

Answered: 1 week ago

Question

★★★★★

For years, courts, employers, and employees have struggled with the issue of employee drug testing. Employers want their employees to be drug free, whereas employees do not want to submit to an...

Answered: 1 week ago

Question

★★★★★

Marcel Co. is growing quickly. Dividends are expected to grow at a rate of 0.17 for the next 4 years, with the growth rate falling off to a constant 0.03 thereafter. If the required return is 0.14...

Answered: 1 week ago

Question

★★★★★

IN JAVA Most of these are self-explanatory, with the exception of the default constructor and toString() method. The default constructor should initialize the values of the instance fields so the...

Answered: 1 week ago

Question

★★★★★

The "Designing Organizations That Are Built to Change" reading makes the case that all employees, not just managers, must actively observe and report on market trends and propose opportunities. Group...

Answered: 1 week ago

Question

★★★★★

Hornbeck Company issued 100,000 bonds payable with a 7% interest rate at a price of 97. The journal entry to record the issue of the bond includes what?

Answered: 1 week ago

Question

★★★★★

BC Transit drivers can get a bit annoyed when passengers keep complaining about either masks or late buses. A rather silly stats professor helps them by claiming that a bus journey time of 13.6...

Answered: 1 week ago

Question

★★★★★

If a researcher determines that the answer to an accounting question is located in a primary authoritative support, what should they do? If a researcher determines that the answer to an accounting...

Answered: 1 week ago

Question

★★★★★

A radio set of 20 kg mass must be isolated from a machine vibrating with an amplitude of 0.05 mm at 500 cycles per minute. The set is mounted on four isolators, each having a spring scale of 31400...

Answered: 1 week ago

Question

★★★★★

a. What aspects of the situation are under your control?

Answered: 1 week ago

Question

★★★★★

d. Access to a soundproof audiovisual room for viewing relaxing videotapes, listening to soothing music, or taking a nap

Answered: 1 week ago

Question

★★★★★

d. What individual stress management strategies could you use to counteract the effects of this stress?

Answered: 1 week ago

Previous Question Next Question