Question
Molander Corporation is a distributor of a sun umbrella used at resort hotels. Data concerning the next months budget appear below: Selling price $29 per
| Molander Corporation is a distributor of a sun umbrella used at resort hotels. Data concerning the next months budget appear below: |
| Selling price | $29 | per unit | |
| Variable expenses | $13 | per unit | |
| Fixed expenses | $13,120 | per month | |
| Unit sales | 970 | units per month | |
| Required: | |
| 1. | Compute the companys margin of safety. |
| 2. | Compute the companys margin of safety as a percentage of its sales. Round your percentage answer to 2 decimal places (i.e .1234 should be entered as 12.34). |
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Entrepreneurship
Authors: Andrew Zacharakis, William D Bygrave
5th Edition
1119563097, 9781119563099
