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EastWind [94]
3 years ago
10

Arthur corporation has a margin of safety percentage of 25% based on its actual sales. the break-even point is $300,000 and the

variable expenses are 45% of sales. given this information, the actual profit is:
Business
1 answer:
Phantasy [73]3 years ago
4 0

Actual Profit (P) is equal to Actual Sales (S) minus Total Expenses (E). Given that the Margin of Safety percentage (M) of Total Sales is 25%, we can establish an equation relating the Total Sales, Break-even point and M. It would be S - $300,000 = 0.25S, since Margin of Safety is equal to Total Sales minus Break-even point. Solving for S would result to $400,000. Given that E is equal to 45% of S, E would then be equal to $180,000. Solving for P, P = $400,000 - $180,000. Therefore, P is equal to $220,000.

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amm1812

Answer:

Correct option is (c)

Explanation:

Managerial accounting reports are prepared for the internal use by managers within different departments in the organization. They may or may not be published for external users like creditors or customers.

These reports need not comply to any established authorities like GAAP or IFRS. They are used by managers for various decision making purposes, so they can be prepared as per the manager's convenience.

8 0
3 years ago
When Hope Springs Water Co. was looking to complete the _________ phase of the new product development process, the company coul
My name is Ann [436]

Answer:

Idea generation

Explanation:

Based on the information provided within the question it seems that the phase that is being described is the Idea generation. This phase refers to the process creating new approaches for finding solutions to existing problems or creating new ideas/products. This phase requires a lot of research, input, and data analysis from many sources in order to generate the best ideas that will make the help the company succeed.

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Henry conducted a survey on an ad done by his company. In the survey, he asked people to evaluate the ad and state whether they
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3 years ago
Read 2 more answers
The balance sheet of ABC reports total assets of $400,000 and $450,000 at the beginning and end of the year, respectively. The r
zimovet [89]

Answer:

ABC net income for the year is $42,500

Explanation:

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Ending total assets = $450,000

Average total assets = Beginning total assets + Ending total assets ÷ 2

= ($400,000 + $450,000) ÷ 2

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Therefore,

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7 0
3 years ago
You want to buy an Audi A8 7 years from now. You have priced these cars and found that they currently sell for $83,800. You beli
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Answer:

We to invest <em> $ 17,213 per year to buy the car in  seven years from now</em>

Explanation:

<u><em>First, we solve for the future value of the car:</em></u>

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Principal 83,800.00

time 7.00

rate 0.10000

83800 \: (1+ 0.1)^{7} = Amount

Amount 163,302.49

<u><em>Then, for the PTM to achieve tham amount in 7 years:</em></u>

FV \div \frac{(1+r)^{time} -1}{rate} = C\\

FV 163,302

time 7

rate 0.1

163302.49298 \div \frac{(1+0.1)^{7} -1 }{0.1} = C\\

<em>C  $ 17,212.981 </em>

8 0
3 years ago
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