FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

PLEASE ANSWER 7. ABC Company is considering to discontinue a certain product line if it does not have a margin of safety higher than 15%.

PLEASE ANSWER

image text in transcribed

7. ABC Company is considering to discontinue a certain product line if it does not have a margin of safety higher than 15%. The break even sales is P 76,800 and the margin of safety is P 13,200. Based on this information, the controller has recommended that ABC keep its product line

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

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

Principles Of Financial Accounting (Chapters 1-17)

Principles Of Financial Accounting (Chapters 1-17)

Authors: John Wild

24th Edition

1260158608, 9781260158601

More Books

Students also viewed these Accounting questions

Question

★★★★★
Compute estimated profit in 1 year if Telco buys a call option with a strike of $0.95, $1.00, or $1.05. Draw a graph of profit in each case.

Answered: 1 week ago

Question

★★★★★
1. According to the James-Lange theory, we should expect people with pure autonomic failure to experience weaker than average emotions. What kind of people might experience stronger than average...

Answered: 1 week ago

Question

★★★★★
Avoid evasiveness. Be direct with your answers when possible.

Answered: 1 week ago

Question

★★★★★
The Reverend Mark Thomas is the minister of a church in the San Diego area. He is married, has one young child, and earns a modest income. Because religious organizations are not notorious for their...

Answered: 1 week ago

Question

★★★★★
te for Prepaid Insurance The prepaid imbrance account had a balance of $3.900 at the beginning of the year. The account was debited for 59,900 for premiums on policies purchased during the year...

Answered: 1 week ago

Question

★★★★★
just need to answer these questions. 1. Calculated IMA resistance distance. 2. Percent Different -> Calculate the percent different between the number of su calculated IMA. 3. AMA > Calculate the AMA...

Answered: 1 week ago

Question

★★★★★
need help with all parte. will upvote!:) Andretti Company has a single product called a Dak. The company normally produces and sells 89,000 Daks each year at a selling price of $60 per unit....

Answered: 1 week ago

Question

★★★★★
3 . Individual Problems 1?-4 Your company has a customer who is shutting down a production line, and it is your responsibility to dispose of the extrusion machine. The company could keep it in...

Answered: 1 week ago

Question

★★★★★
Dean and Ellen Price are married and have a manufacturing business. They bought a piece of business equipment (7-year personal property) on 4/1/2018 for $50,000. Use half-year convention to calculate...

Answered: 1 week ago

Question

★★★★★
Describe the strengths and weaknesses of the pre-trial testimony of expert witnesses Dr. Morgan Sain, Forensic Scientist Dale Ryan, and Dr. Leslie Torgeson and the forensic evidence on state v. sarah...

Answered: 1 week ago

Question

★★★★★
Mack's Juices produces and bottles a line of fruit juices. Themanufacturing process entails mixing and adding juices and otheringredients at the bottling plant, which is a part of BlendingDivision. 2...

Answered: 1 week ago

Question

★★★★★
Can the influencing process really be conducted ethically and in a way that meets the goal of human relations, or is it just manipulation?

Answered: 1 week ago

Question

★★★★★
The next time you negotiate, will you actually set threelimit, target, and openingobjectives? Why or why not?

Answered: 1 week ago

Question

★★★★★
In bargaining, does it really matter who makes the first offer?

Answered: 1 week ago

Previous Question Next Question