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The Pharoah Company sells sports decals that can be personalized with a player's name, a team name, and a jersey number for $ 9.00 each.
The Pharoah Company sells sports decals that can be personalized with a player's name, a team name, and a jersey number for $ 9.00 each. Pharoah's variable costs are the $ 2.70 it pays its supplier for each decal and $ 0.70 in operating costs to personalize and sell each decal. The results of last month's operations are as follows: Sales revenue $ 22,500 Cost of goods sold 6,750 Gross profit 15,750 Operating expenses 5,838 Operating income $ 9,912 What is Pharoah's margin of safety? (Round answers to O decimal places, e.g. 25,000.) Margin of safety units $ Margin of safety
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