I think the answer is A. I THINK the answer is A
Answer:
22.69%
Explanation:
Margin of safety = (forecasted sales - break-even sales) / forecasted sales
( $238,000 - $184,000) / $238,000 x 1000 = 22.69%
In Europe, here are 22 paid vacation days and 13 paid when on holidays. Summing up, that could be a total of 4 weeks of vacation. While on the other hand, the United States as only 16 vacation days, both paid and unpaid, and that could be a total of around 2 weeks of vacation only.
I think that the answer would be D
Answer:
Jan. 22
Dr Cash $7,140,000
Cr Common Stock $6,300,000
Cr Paid in capital in excess of par $840,000
Feb. 27
Dr Cash $180,000
Cr Preferred Stock $135,000
Cr Paid-In Capital in Excess of Par-Preferred $45,000
Explanation:
Preparation of the entries for January 22 and February 27.
Jan. 22
Dr Cash $7,140,000
(210,000*$34)
Cr Common Stock $6,300,000
(210,000*$30)
Cr Paid in capital in excess of par $840,000
($7,140,000-$6,300,000)
Feb. 27
Dr Cash $180,000
(15,000*$12)
Cr Preferred Stock $135,000
(15,000*$9)
Cr Paid-In Capital in Excess of Par-Preferred $45,000
($180,000-$135,000)
