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klemol [59]
2 years ago
8

Jakarta Company is a service firm with current service revenue of $500,000 and a 40% contribution margin. Its fixed costs are $8

0,000. Maldives Company has current sales of $6,620,000 and a 50% contribution margin. Its fixed costs are $2,151,500. A. What is the margin of safety for Jakarta and Maldives
Business
1 answer:
Lady_Fox [76]2 years ago
7 0

Answer and Explanation:

The computation of the margin of safety is shown below:

As we know that

margin of safety = Actual sales - break even sales

For Jakarta, it is

= $500,000 - ($80,000 ÷ 0.40)

= $500,000 - $200,000

= $300,000

And, for maldives, it is

= $6,620,000 - ($2,151,500 ÷ 50%)

= $2,317,000

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Answer:

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5 0
3 years ago
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pickupchik [31]

Answer:

b. $588

Explanation:

Terms 2/10, n/30 means that 2% discount for the payment within 10 days and the full amount to be paid within 30 days.

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Debit Receivable Account $1,000

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7 0
3 years ago
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2 years ago
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Answer:

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