Assuming the firm's expected sales are $264,000 in which the firm break-even sales are $197,000, the margin of safety in dollars is:$67,000.
<h3>Margin of safety in dollars</h3>
Using this formula
Margin of safety in dollars=Expected sales-Break-even sales
Where:
Expected sales=$264,000
Break-even sales=$197,000
Let plug in the formula
Margin of safety in dollars=$264,000-$197,000
Margin of safety in dollars=$67,000
Inconclusion the margin of safety in dollars is: $67,000.
Learn more about margin of safety in dollars here:brainly.com/question/15190495
Hmm, i'm not super sure about this one can I go and research it?
Answer:
$79,000
Explanation:
The computation of the taxable income is shown below:
Taxable income = Adjusted gross income for 2019 - his itemized total deductions
= $98,000 - $19,000
= $79,000
The Ramon is not given any personal exemption because from the year 2018 to the year 2025, no personal exemption is allowed as new tax rules are implemented.
