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Helga [31]
4 years ago
12

g Oriole Company had actual sales of $1100000 when break-even sales were $660000. What is the margin of safety ratio? 67% 40% 33

% 60%
Business
1 answer:
Sonbull [250]4 years ago
3 0

Answer:

40%

Explanation:

Oriole company has an actual sales of $1,100,000

The break even sales is $660,000

Therefore, the margin of safety can be calculated as follows

= Actual sales-break-even sales/actual sales

= $1,100,000-$660,000/$1,100,000

= $440,000/$1,100,000

= 0.4×100

= 40%

Hence the margin of safety is 40%

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Answer:

Monthly deposit= $1,036.116

Explanation:

Giving the following information:

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<u>To calculate the monthly deposit, we need to use the following formula:</u>

FV= {A*[(1+i)^n-1]}/i

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Isolating A:

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A= {900,000*0.005) / [(1.005^336) - 1]

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7 0
3 years ago
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butalik [34]

Answer:

2:1

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7 0
3 years ago
Which of the following is not true about the stock market?
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Answer:

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SELECT Customer Credit Limit, FROM tbl Customer WHERE Credit limit > 50,000 ;

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KatRina [158]

Answer: Soldiering.

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