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QUESTION 4 Goodrich Ltd is a distributor of a sun umbrella used at resort hotels. Data concerning the next month's budget appear below: Selling price

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QUESTION 4 Goodrich Ltd is a distributor of a sun umbrella used at resort hotels. Data concerning the next month's budget appear below: Selling price $25 per unit Variable expense $15 per unit Fixed expense $8,500 per month Unit sales 1,000 units per month Required (a) Compute the company's margin of safety percentage. (6 marks) (b) What does this tell you about the risk of Goodrich Ltd making a loss? (3 marks) For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). B I U Paragraph Arial 14px A V V ABC 79 e - E = x X 3 I To Click Save and Submit to save and submit. Click Save All Answers to save all answers

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