The Best Appliances had the following revenue over the past five years View the revenus data To predict revenues for 2025, The Best Appliances uses the average for the past five years. The company's breakeven revenue is $800,000 per year What is The Best Appliances predicted margin of safety in dollars for 2025? OA. $800,000 OB. 10 OC. $200,000 OD. $100,000 Revenue data 2020 2021 2022 2023 2024 Print $ 600,000 700,000 900,000 800.000 1,000,000 Done - X

The Best Appliances had the following revenue over the past five years View the revenus data To predict revenues for 2025, The Best Appliances uses the average for the past five years. The company's breakeven revenue is $800,000 per year What is The Best Appliances predicted margin of safety in dollars for 2025? OA. $800,000 OB. 10 OC. $200,000 OD. $100,000 Revenue data 2020 2021 2022 2023 2024 Print $ 600,000 700,000 900,000 800.000 1,000,000 Done - X

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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PA10. O 6.6 The following is the adjusted trial balance data for Nino's Pizzeria as of December 31, 2019. NINO'S PIZZERIA Adjusted Trial Balance Year Ended December 31, 2019 Debit Credit $ 775,984 Cash Accounts Receivable Buildings Merchandise Inventory Accounts Payable Common Stock 45,688 200,460 135,624 $437,880 410,542 Sales 555,696 Interest Revenue 84,652 Rent Revenue 86,900 Sales Salaries Expense Office Supplies Expense Sales Discounts Interest Expense Sales Returns and Allowances 24,500 6,270 102,890 4,577 105,854 122,853 Cost of goods sold Rent Expense Depreciation Expense: Office Equipment Insurance Expense Advertising Expense Totals 20,000 10,555 2,780 17,635 $1,575,670 $1,575,670 A. Use the data provided to compute net sales for 2019. B. Compute the gross margin for 2019. C. Compute the gross profit margin ratio (rounded to nearest hundredth). D. Prepare a simple income statement for the year ended December 31, 2019. E. Prepare a multistep income statement for the year ended…
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