If a business had sales of $3,632,000 and a margin of safety of 20%, the break-even point wasOa. $726,400Ob. $6,537,600Oc. $4,358,400Od. $2,905,600

Breakeven is the point in the cost volume and profit analysis at which an entity is in a situation…

Answered: If a business had sales of $3,632,000…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Dean Company has sales of $76,000, and the break-even point in sales dollars is $47,120. Determine the company's margin of safety percentage. Round answer to the nearest whole number.fill in the blank 1 %
Match the descriptions 1 through 5 with labels a through e on the CVP chart. Dollars $25,000 $20,000 $15,000 $10,000 $5,000 $0 1. Break-even point 2. Total sales line 3. Loss area 4. Profit area 5. Total costs line (b) 200 400 600 (c) (d) (a) (e) 800 1,000 1,200 1,400 1,600 1,800 2,000 2,200 2,400 Units produced and sold
Margin of Safety The Rachel Company has sales of $550,000, and the break-even point in sales dollars is $368,500. Determine the company's margin of safety as a percent of current sales.
Data on three unrelated companies are given in the following table. E (Click the icon to view the table.) Fill in the missing information in the preceding table. (Enter the capital turnover to two decimal places X.XX.) Osborne, Inc. Sales $ 114.000 Operating income $ 39,900 Total assets $ 71,250 Sales margin % Capital turnover Return on investment (ROI) Target rate of return. 10 % Residual income
a. If Canace Company, with a break-even point at $368,000 of sales, has actual sales of $460,000, what is the margin of safety expressed (1) in dollars and (2) as a percentage of sales? Round the percentage to the nearest whole number. 1. $fill in the blank 1 2. fill in the blank 2% b. If the margin of safety for Canace Company was 45%, fixed costs were $1,935,450, and variable costs were 55% of sales, what was the amount of actual sales (dollars)?(Hint: Determine the break-even in sales dollars first.)$fill in the blank 3
If this year Eloise Ltd. had sales of $750,000, fixed costs of $150,000, and variable costs of $350,000, what is the margin of safety in dollars?(round numbers within the calculations to 2 decimal places and choose the closest whole number) $400,000 $466,981 $450,000 $425,650
Mason Corporation had $1,162,000 in invested assets, sales of $1,265,000, operating income amounting to $208,000, and a desired minimum return on investment of 14%. The profit margin for Mason Corporation is Oa. 17.9% b. 14.0% Oc. 91.9% Od. 16.4%
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If a business had sales of $3,632,000 and a margin of safety of 20%, the break-even point was Oa. $726,400 Ob. $6,537,600 Oc. $4,358,400 Od. $2,905,600