Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 25, 2024

J&J Cookies Trading reported actual sales of RM 2,000,000, and fixed costs of RM 400,000. The contribution margin ratio is 25%. Compute the margin of

J&J Cookies Trading reported actual sales of RM 2,000,000, and fixed costs of RM 400,000. The contribution margin ratio is 25%.

Compute the margin of safety ratio (%).

	A.	20%
	B.	10%
	C.	15%
	D.	25%

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 A Concepts Based Introduction

Authors: David Kolitz

1st Edition

1138844977, 978-1138844971

More Books

Students also viewed these Accounting questions

Question

★★★★★

A firm has estimated the following two month cash budget. What is the cash surplus or deficit for these two months? Discuss. Mar Apr Sales 75 68 Cash collection 63.0 65.0 Total cash disbursement 60.0...

Answered: 1 week ago

Question

★★★★★

Coronado Corporation has outstanding 10,200 shares of $100 par value, 6% preferred stock and 59,300 shares of $10 par value common stock. The preferred stock was issued in January 2017, and no...

Answered: 1 week ago

Question

★★★★★

1. Write test instructions on the board or on the test itself instead of giving them orally.

Answered: 1 week ago

Question

★★★★★

An aluminum calorimeter with a mass of 100 g contains 250 g of water. The calorimeter and water are in thermal equilibrium at 10.0C. Two metallic blocks are placed into the water. One is a 50.0-g...

Answered: 1 week ago

Question

★★★★★

Explain the impact on financial statement auditing of the following three technologies: (a) artificial intelligence, (b) data analytics; and (c) distributed ledger technology (blockchain). In so...

Answered: 1 week ago

Question

★★★★★

Financial statements for Maraby Corporation appear below: Maraby Corporation Balance Sheet December 31, Year 2 and Year 1 (dollars in thousands) Year 2 Year 1 Current assets: Cash and marketable...

Answered: 1 week ago

Question

★★★★★

Owen's Electronics has nine operating plants in seven southwestern states. Sales for last year were $100 million, and the balance sheet at year-end is similar in percentage of sales to that of...

Answered: 1 week ago

Question

★★★★★

For this activity, utilize the five - step process and the following data set. ( 2 5 pts ) The two populations are: Population A: Mean = 7 9 , ???? ???? = 7 Population B: ( sample of one ) : Raw...

Answered: 1 week ago

Question

★★★★★

SB (Algo) Calculating Equivalent Units, Cost per Equivalent Unit, Reconciling the Cost of Work in Process [LO 3-2, 3-4] [The following information applies to the questions displayed below.] Silver...

Answered: 1 week ago

Question

★★★★★

What does De Soto mean by "strong, innovative economic markets"? A. These are markets that use existing technology to produce new goods and services. B. These are markets that are profitable for...

Answered: 1 week ago

Question

★★★★★

Using the Federal Rules of Evidence. What would be a given analysis of this scenario? On an open stretch of a two-lane highway in Nevada Jay Gadsby, traveling eastbound in a red Z -car with racing...

Answered: 1 week ago

Question

★★★★★

=+d. Is the headline type broken in phrases, for easier comprehension?

Answered: 1 week ago

Question

★★★★★

=+c. Does the visual support the headline? Do they work as a single, conceptual unit?

Answered: 1 week ago

Question

★★★★★

=+b. Does the layout guide the reader to the most important points first (referred to as visual hierarchy)?

Answered: 1 week ago

Previous Question Next Question