The Whitehead Company has sales of $900,000, and the break-even point in sales dollars is $585,000. Determine the Whitehead company's margin of safety as a percent of current sales. fill in the blank 1 %

The Whitehead Company has sales of $900,000, and the break-even point in sales dollars is $585,000. Determine the Whitehead company's margin of safety as a percent of current sales. fill in the blank 1 %

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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Question

Margin of Safety

The Whitehead Company has sales of $900,000, and the break-even point in sales dollars is $585,000.

Determine the Whitehead company's margin of safety as a percent of current sales.
fill in the blank 1 %

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