Answered: margin of safety

Business

Accounting

margin of safety

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Related questions

Q: Consider the following information: Product C Product D Variable cost per unit $38 $65 Fixed Cost…

Q: Echo Corporation has provided the following data concerning its only product: Selling price Current…

A: Margin of safety sales is the excess of total sales over the Break even sales. Margin of safety…

Q: Selling price Current sales Break-even sales $ 93 per unit 10, 700 units 8,346 units

A: Formula: Margin of safety in dollars = Actual sales - Break even sales Deduction of break even…

Q: FILL - UP THE MISSING AMOUNTS: Sales CGS GP 40% Expenses 421,800 Net Profit 58,200 INSTRUCTIONS: DO…

A: In this reverse calculation needs to be done Gross profit = Net profit + expenses Sales - COGS =…

Q: Use the following to answer questions 34 – 39 ST reports the following income statement results:…

A: "Since you have posted a question with multiple sub parts, we will solve first three sub parts for…

Q: Please solve this question

A: If you have any problem let me know in comment box.

Q: 1. Indicate the effects on gross profit the changes in volume, unit selling price, and unit cost.…

A: Gross profit is calculated by reducing the cost of goods sold from sales revenue. Thus, sales price…

Q: K→ For this problem, you are to calculate the missing amounts that are represented by blanks. You…

A: Net sales = Sales - Sales Return - Sales Discount Sales = Net Sales + Sales Return + Sales…

Q: Do not use dollar signs in your answers. It your answer is a negative number, put a minus sign in…

A: The cost of goods sold (COGS) refers to the cost that is directly incurred in the production of…

Q: TB MC Qu. 6-111 Majid Corporation sells a product for ... Majid Corporation sells a product for $190…

A: Margin of safety is the difference between total sales and break-even sales. The Break-even point…

Q: (c) comment on the relative profitability of these companies. (D) based on your calculations above,…

A: Introduction:- 1)Grass profit margin is the difference between net sales and cost of good sold 2)Net…

Q: Selling price 24 93 per unit Current sales 10, 700 units Break-even sales 8, 346 units What is the…

A: Introduction: Margin of safety in sales = Actual sales - Break even sales value Deduction of Break…

Q: 2. From the following data, calculate (a) Gross profit ratio (b) Net profit ratio. RO 200,000 RO…

A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Calculate the shortage percent. Present your answer with a percent sign, rounded to two decimal…

A: The method of manually measuring all of a company's inventory is known as physical inventory.…

Q: What type of services can a freight forwarder provide? O Containerization and consolidation of…

A: Question 6. Freight forwarders offer a wide range of services such as warehousing, preparation and…

Q: Need help with this question

A: If you have any questions let me know in comment box thankyou for your question.

Q: If the cost of inventory is falling over time, which of the following statements is true? O FIFO…

A: “Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: Saved Не. Sweet Tarts Bakery in Houston's Heights has the following information: Total revenues…

Q: Question:28 Given the historical cost of the product, Dominoe is $65, the selling price of product…

A: Given data:Historical cost = $65Selling price = $90Costs to sell = $16Replacement cost = $60Normal…

Q: # 45 Using the data below, determine the margin of safety. (do not include a dollar sign, comma or…

A: MARGIN OF SAFETYSales Above the Break-Even Point is called Margin of Safety Sales. The margin of…

Q: Gross Profit (also known as Gross Margin) is the difference between A) Net sales and all expenses.…

A: Net sale is the amount of revenue earned by the entity by selling the goods to its customers. It is…

Q: Mcmurtry Corporation sells a product for $150 per unit. The product's current sales are 12,600 units…

A: Margin of safety is the difference between the current sales level and the breakeven sales. It is…

Q: Indigo Corp. has a selling price of $20 and variable costs of $12.20 per unit. When 20,000 units are…

A: The sales over and above break-even sales is called margin of safety sales.Margin of safety sales =…

Q: Sheridan Inc. sells a product for $106 per unit. The variable cost is $68 per unit, while fixed…

A: Breakeven is the point at which the entity neither earns nor losses anything. It is a point of no…

Q: Cablesource sells two type of cable Cat5 and Cat6. Cat 5 price is $135 per box and Cat6 is $156 per…

A: Formulas: Contribution margin per unit = Selling price per unit - Variable cost per unit Break-even…

Q: History Bookmarks Profiles Tab Window Help com/courses/423/quizzes/21056/take Maps • The level of…

Q: Need Correct Answer with calculation and explanation of the question

A: To determine the value of the company's inventory at the lower of cost or market, we need to compare…

Q: Solve for the missing numbers. Markup is based on selling price. Round dollar amounts to the nearest…

A: The amount a buyer or client pays to acquire a thing is known as the selling price. A share of the…

Q: Financial 10.3 Supply and Demand 1. A company manufactures and sells cheese graters for $9 wholesale…

A: Suggested selling price will be the aggregate of wholesale price and markupSuggested selling price…

Q: Book argin of Safety . If Canace Company, with a break-even point at $489,900 of sales, has actual…

A: When entire costs and total revenues balance, the break-even point is reached, leaving your small…

Q: Style photo sells only one product. The statement of comprehensive income for 2021 is provided…

A: Contribution margin ratio = Contribution margin / Sales Breakeven Sales = Fixed cost / Contribution…

Q: The following data were obtained regarding the operations of Kirsten Company: Sales in units P…

A: Since you have posted question with multiple sub-parts we will do the first three sub-parts asked by…

Q: 16. Pocket Price: calculate the pocket price for the following product. Suggested Retail Trade…

A: Answer:- Definition of pocket price:- Pocket price can be defined as the list price which is…

Q: Jiem В сок Calculate the missing information for the purkuse? Selling Price in Sales Tax Rate Sales…

A: A sale is an agreement between a buyer and a seller in which a seller exchanges money in exchange…

Q: Moon Karak sells tea. The average selling price of a cup is OMR 0.200 and the average variable…

A: The safety margin means the additional units sold by the company over the break-even units to…

Q: Break-Even Point Nicolas Inc. sells a product for $105 per unit. The variable cost is $51 per unit,…

A: BREAKEVEN POINTBreak Even means the volume of production or sales where there is no profit or…

Q: regression analysis, the fixed cost component (rounded to the nearest dollar) is Question 4Answer a.…

A: Summary OutputRegression StatisticsMultiple R0.99R Square0.98Adjusted R Square0.98Standard…

Q: Lablanc Inc. sells a product for $101 per unit. The variable cost is $48 per unit, while fixed costs…

A: Breakeven point analysis is one of important analysis being done in cost volume profit analysis. At…

Q: Please help with question is correct solution

A: AnswerINVENTORY METHOD LOWER OF COST OR MARKET METHOD COST = HISTORICAL COST = 65 REPLACEMENT COST =…

Q: RPM manufactures racks for CDs. Costs are $13.70 per rack. A wholesaler buys CD racks from RPM at…

A: Markup method is one of the various pricing methods in the cost and…

Q: Awanita Enterprises sells computer flash drives for $3.54 per unit. Unit variable cost is $0.07. The…

A: Formula: Margin of Safety= (Expected Sales units- Break even point Units )×Sales Price Per Unit

Q: 3 Break-even Point in units 9 0 1 Break-even in dollars 2 $424,594 23 24 849.19 25 26 Reconciliation…

A: Formula Total sales = Margin of safety sales + Breakeven salesGiven in the question…

Q: Jeff Brown has collected sales data for his cupcake stand. Calculate the weighted moving average…

A: The weighted average method is the method to calculate the value by multiplying the base price by…

Question

Selling price per unit 14 current sales 25,249 break – even sales 20,735 Compute the margin of safety in dollars. Enter only the amount of the margin of safety in the box provided below. Enter the amount only do not enter letters, words, dollar signs, or the calculation.

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Similar questions

Please do not give solution in image format thanku
Please do not give solution in image format thanku
Sales Absorption Costing Income Statement Cost of Goods Sold: $ 1662500 Beginning Inventory $ Variable Costs Fixed Cost Less: Ending Inventory Cost of Goods Sold Administrative expense Net Income b. Calculate reported income for the bank. Do not use negative signs with any answers. Variable Costing Income Statement $ Sales Cost of Goods Sold: Beginning Inventory $ Variable Costs Variable cost of goods sold Fixed costs: Administrative Expense Total Fixed Cost Net Income ÷ $
Please do not give solution in image format thanku
(a) Calculate the break-even point in (1) sales dollars and (2) number of passengers. Break-even point Break-even point passengers Texthookand Media
A7
Please do not give image format
Cost Selling price Costs to sell Product 1 2 3 $ Required: What unit values should Han use for each of its products when applying the lower of cost or net realizable value (LCNRV) rule to ending inventory? Cost Product 1 $ 20 40 20✔ $ 90 ✓ 50 ✓ 6 NRV Product 2 $ 90 120 40 34✔✔ $ X 60✔ Product 3 $ 50 70 10 Per Unit Inventory Value 20✔ X 50 ✓
Question 2
s
Question 14 The Cook's Paradise paid $67 for a kitchen knife set. Expenses are 15% of cost and the profit is 17% of cost. Round the answers to the nearest cent if necessary. 1) What is the regular selling price? 2) To help clear inventory, the knife set was sold at break-even during a sale. What is the break-even selling price? > Next Question
dont give answer in image format