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The Sunland Company sells sports decals that can be personalized with a players name, a team name, and a jersey number for $6.00 each. Sunland
The Sunland Company sells sports decals that can be personalized with a players name, a team name, and a jersey number for $6.00 each. Sunland buys the decals from a supplier for $2.60 each and spends an additional $0.70 in variable operating costs per decal. The results of last months operations are as follows:
Sales revenue | $21,000 | |
Cost of goods sold | 9,100 | |
Gross profit | 11,900 | |
Operating expenses | 3,600 | |
Operating income | $8,300 |
What is Sunlands margin of safety? (Round answers to 0 decimal places, e.g. 25,000.)
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