Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 07, 2024

Problem 12 (MOS, Bobadilla) Based on the following, compute the amount of sales: Profit margin before tax based on sales 8% Margin of safety ratio

Problem 12 (MOS, Bobadilla) Based on the following, compute the amount of sales:

Profit margin before tax based on sales 8%

Margin of safety ratio 20%

Fixed costs 1,200,000

Variable cost of goods sold 25%

What is the variable selling and administrative expense?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access with AI-Powered 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

Students also viewed these Accounting questions

Question

109. Show that the binomial moment generating function converges to the Poisson moment generating function if we let nSqand pS0 in such a way that np approaches a value l 0. [Hint: Use the calculus...

Answered: 1 week ago

Question

★★★★★

Ann is a self-employed restaurant critic who does her work exclusively from a home office. Anns income is $25,000 before the home office deduction this year. Her office takes up 200 square feet of...

Answered: 1 week ago

Question

★★★★★

1.) a. (10 pts.) Construct the adjacency list and adjacency matrix representation of the following directed graph. Yandaki yornla grafin komuluk listesi ve komuluk matrisi gsterimlerini yaznz. b....

Answered: 1 week ago

Question

★★★★★

Suppose you live in a community of 100 people where everyone is able and seeks to work. If 75 people are over 16 years old and 50 of them are employed. (a) Calculate the unemployment rate in this...

Answered: 1 week ago

Question

★★★★★

Q1: What is corporate finance, and what are its primary functions? Q2: Explain the difference between equity financing and debt financing.

Answered: 1 week ago

Question

★★★★★

SECTION D- ESSAY QUESTIONS. [50 MARKS] Answer any two questions from this section. Question 1 Study the below passage and answer the questions that follow. Many well-known examples of the use of...

Answered: 1 week ago

Question

★★★★★

A# C# D# F#G# A# C# D# F# G#A# C#D# F#G#A# C# D# F#G#A# C# D# F# G# A# C# D# F# G# A# C#D# F#G#A# ABCDEFGABCDEFGABCDEFGABCDEFGABCDEFGABCDEFGABCDEFGABC 220 Hz middle C

Answered: 1 week ago

Question

★★★★★

Be sure to follow the seven step paradigm when submitting this as a collected homework problem: 1. I want to and I can 2. Draw a diagram (if you can't visualize this in a diagram, see the next page)...

Answered: 1 week ago

Question

★★★★★

Directions: Perform an ethical penetration test on a website of your choice using one of the following tools. As an option, you can use Kali Linux through Oracle Virtual Box. Nmap:...

Answered: 1 week ago

Previous Question Next Question

Question

Problem 12 (MOS, Bobadilla) Based on the following, compute the amount of sales: Profit margin before tax based on sales 8% Margin of safety ratio

Problem 12 (MOS, Bobadilla) Based on the following, compute the amount of sales: Profit margin before tax based on sales 8% Margin of safety ratio 20% Fixed costs 1,200,000 Variable cost of goods sold 25% What is the variable selling and administrative expense?

Step by Step Solution

Step: 1

Get Instant Access with AI-Powered Solutions

Step: 2

Step: 3

Ace Your Homework with AI

Students also viewed these Accounting questions

Question

Question

Question

Question

Question

Question

Question

Question

Question

Problem 12 (MOS, Bobadilla) Based on the following, compute the amount of sales:

Profit margin before tax based on sales 8%

Margin of safety ratio 20%

Fixed costs 1,200,000

Variable cost of goods sold 25%

What is the variable selling and administrative expense?