Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 10, 2024

Marigold Toys has actual sales of $406000 and a break-even point of $280140. What is its margin of safety ratio? 31%44.9%69%245%

image text in transcribed

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

The Auditor Quo Vadis

Authors: Mervyn King, Linda De Beer

1st Edition

1138496774, 978-1138496774

More Books

Students also viewed these Accounting questions

Question

★★★★★

During 2015, Noval Company sells 270 units of inventory for $ 100 each. The company has the following inventory purchase transactions for 2015. Required: 1. Calculate ending inventory , cost of goods...

Answered: 1 week ago

Question

★★★★★

31 Comparative financial statements for Weller Corporation, a merchandising company, for the year ending December 31 appear below. The company did not issue any new common stock during the year. A...

Answered: 1 week ago

Question

★★★★★

10.51 A random sample of n = 15 observations was selected from a normal population. The sample mean and variance were 3.91 and s = 0.3214. Find a 90% confidence interval for the population variance o.

Answered: 1 week ago

Question

★★★★★

Given that absolute market potential almost always exceeds actual industry sales, why do marketers bother to make potential estimates? Discuss 4 decisions that a marketer of industrial grinding...

Answered: 1 week ago

Question

★★★★★

NAFTA is a __________and not a customs union? Trade Diversion Common Market General Agreement on Tariffs and Trade Free Trade Agreement

Answered: 1 week ago

Question

★★★★★

Exercise 20-14 (Algorithmic) (LO. 1) The entity reports the following transactions for the 2019 tax year. The trustee accumulates all accounting income for the year. Operating income from a business...

Answered: 1 week ago

Question

★★★★★

SHOW ALL YOUR WORK Please answer these two questions thoroughly and I will leave a good review Problem # 7 (12.5 pts). In the following table 277 college students are classified according to their...

Answered: 1 week ago

Question

★★★★★

The 1-kg bar is held in the position shown in figure QB3, where the spring is unstretched. Note that the spring attached to its end always remains vertical due to the roller guide at C. 1 kg 2 m...

Answered: 1 week ago

Question

★★★★★

In recent years, OSHA has been issuing "unclassified" violations with increasing regularity. How might an employer benefit from receiving an "unclassified" violation. Instead of a "willful"...

Answered: 1 week ago

Question

★★★★★

1. The Fagersta Steelworks currently is working two mines to obtain its iron ore. This iron ore is shipped to either of two storage facilities. When needed, it then is shipped on to the companys...

Answered: 1 week ago

Question

★★★★★

Research on the current trends on the Supply Chain Processes (SCP): Information Systems and Information Technology. Based upon your analysis, present at least three examples, about...

Answered: 1 week ago

Question

★★★★★

(Appendices) Describe the difference between F.O.B. shipping point and F.O.B. destination. LO56

Answered: 1 week ago

Question

★★★★★

(Appendices) INTERNAL CONTROL FOR SALES. Yancys Hardware has three stores. Each store manager is paid a salary plus a bonus on the sales made by his or her store. On January 5, 19x6, Bill Slick,...

Answered: 1 week ago

Question

★★★★★

(Appendices) ETHICS AND INVENTORIES. Mary Cravens is an accountant for City Appliance Corporation. One of Marys responsibilities is developing the ending inventory amount for the calculation of cost...

Answered: 1 week ago

Previous Question Next Question