1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
qwelly [4]
3 years ago
6

Gladstone Co. has expected sales of $360,000 for the upcoming month and its monthly break even sales are $342,500. What is the m

argin of safety as a percent of sales, rounded to the nearest whole percent
Business
1 answer:
antoniya [11.8K]3 years ago
3 0

Answer:

4.86%

Explanation:

Given that

Expected sales = $360,000

Break-even sales = $342,500

The computation of the margin of safety is shown below:-

Margin of safety (in percent) = (Expected sales - Break-even sales) ÷ Expected sales

= ($360,000 - $342,500) ÷ $360,000

= $17500 ÷ $360,000

= 4.86%

Therefore, for computing the margin of safety we simply deduct break even sales from expected sales and after result we divide with expected sales.

You might be interested in
Help!!<br>list 5 importance of freedom​
marusya05 [52]

Answer:

people can do what they want (with limitations)

people can say what they want (with limitations)

people can believe in what they want

and thats all ive got. good luck on the last two tho

5 0
3 years ago
Allegheny Company ended Year 1 with balances in Accounts Receivable and Allowance for Doubtful Accounts of $74,000 and $3,900, r
Nadya [2.5K]

Answer:

The 9,300 should Allegheny report as Uncollectible Accounts Expense on its Year 2 income statement

Explanation:

The non-collectible accounts expenses on its Year 2 income statement is shown below:

= Ending balance + write off balance - opening balance

= $6,000 + $7,200 - $3,900

=$9,300

The accounts receivable is not to be considered because we have to find out the uncollectible accounts expense, so the account receivable balance should not be taken in the computation part.

Hence, the 9,300 should Allegheny report as Uncollectible Accounts Expense on its Year 2 income statement

5 0
3 years ago
John is a drummer who purchases his drumsticks online. When practicing with the newest pair, he notices they feel heavier than u
Vinil7 [7]

Answer:

0.0042 is the probability of the stick's weight being 2.33 oz or greater.  

Explanation:

We are given the following information in the question:

Mean, μ = 1.75 oz

Standard Deviation, σ = 0.22 oz

We are given that the distribution of drumsticks is a bell shaped distribution that is a normal distribution.

Formula:

z_{score} = \displaystyle\frac{x-\mu}{\sigma}

P(stick's weight being 2.33 oz or greater)

P(x > 2.33)

P( x > 2.33) = P( z > \displaystyle\frac{2.33 - 1.75}{0.22}) = P(z > 2.6363)

= 1 - P(z \leq 2.6363)

Calculation the value from standard normal z table, we have,  

P(x > 2.33) = 1 - 0.9958 =0.0042= 0.42\%

0.0042 is the probability of the stick's weight being 2.33 oz or greater.

6 0
3 years ago
What is the richest state?
Ivanshal [37]

Colorado not even kidding

8 0
3 years ago
Milo Clothing experienced the following events during 2016, its first year of operation: 1. Acquired $12,000 cash from the issue
Serga [27]

Answer:

Explanation:

The four transactions  will be recorded in the general journal as follows:

1) Debit cash                 $12,000

             Credit common stock                       $12,000

(To record the sale of common stock)

2) Debit purchases                 $5,600

            Credit   cash                 $5,600

(To record purchase of inventory in cash)

3) Debit cash                 $5,712

           Credit sales                        $3,360

            Credit gross profit              $2,352

(To record the sale of inventory in cash)

4) Debit advertising expenses                   $650

          Credit cash                     $650

(To record the payment of advertising expenses in cash)

5 0
3 years ago
Other questions:
  • Tips are considered _____.<br> dividends<br> taxable income<br> gains<br> a bonus
    8·2 answers
  • The ABC Company is having a meeting about a possible merger with the XYZ Company. The ABC Company sent one executive to handle t
    9·1 answer
  • If the primary key of the workshop offerings table contains the primary key for both the workshop table and account table, there
    11·1 answer
  • Suppose that a chicken farm uses a nearby stream to dispose of the wastes released by its chickens. These wastes flow downstream
    11·1 answer
  • If an arbitrageur can borrow up to $1,000,000 (or CD1,250,000), formulate a covered interest arbitrage. Make sure to explain you
    9·1 answer
  • Is the time it takes to fly from city upper a to city upper time it takes to fly from city a to city b discrete or? continuous?
    11·1 answer
  • 9. You decide to run a landing page experiment to test a new carousel which highlights your top performing products. Which two r
    14·1 answer
  • 23. Maria, a new employee, noticed that her supervisor, Jasmine, approved an expense report submitted by a co-worker that result
    6·1 answer
  • Sudoku Company issues 26,000 shares of $8 par value common stock in exchange for land and a building. The land is valued at $235
    6·1 answer
  • 1. What are the advantages of learning in a group​
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!