Question
If Smith Merchandising lowered their sales price to $44, and budgeted 13,000 units in sales what would be the Margin of Safety %? (Hint -need
If Smith Merchandising lowered their sales price to $44, and budgeted 13,000 units in sales what would be the Margin of Safety %? (Hint -need to calculate break-even point). Salaries and rent are office expenses.
a.2.1%
b.32%
c.43%
d.48%
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Accounting Best Practices
Authors: Steven M Bragg
7th Edition
1118404149, 9781118404140
