Answer:
Margin of safety=55.6%
Explanation:
The formula for the operating income is as folows;
operating income=Sales revenue-total cost
where;
operating income=$ 15,000
Sales revenue=S
total cost=variable cost+fixed cost
variable cost=70% of S=(70/100)×S=0.7 S
fixed cost=$12,000
replacing;
15,000=S-(0.7 S+12,000)
15,000+12,000=0.3 S
27,000=0.3 S
S=27,000/0.3
S=Answer:
Explanation:
The formula for the operating income is as follows;
operating income=Sales revenue-total cost
where;
operating income=$ 15,000
Sales revenue=S
total cost=variable cost+fixed cost
variable cost=70% of S=(70/100)×S=0.7 S
fixed cost=$12,000
replacing;
15,000=S-(0.7 S+12,000)
15,000+12,000=0.3 S
27,000=0.3 S
S=27,000/0.3
S=$90,000
Current sales=$90,000
The formula for margin of safety is as follows;
Margin of safety=(Current sales level-break even point sales level)/current sales levels
At break even,
Operating income=0
0=S-(0.7 S+12,000)
0=S-0.7 S-12,000
0.3 S=12,000
S=12,000/0.3
S=40,000
Break even sales=$40,000
replacing;
Margin of safety=((90,000-40,000)/90,000}×100
Margin of safety=55.6%
Answer:
Debit Cash $1,470
Debit Expense - Credit card fee $30
Credit Sales revenue - $1,500
Explanation:
The sales revenue for Appliance world will be $1,500 as this is the gross sale made at point of sale.
- Since, this sale is made via credit card, the credit card fee will be <u>deducted</u> from the sales revenue,
- Difference will be <u>cash received</u> after deducting the credit card fee from sales revenue.
The fee charged by credit card company is the <u>expense</u> for ApplianceWorld:
The fee would be charged at the purchase made by the customer i.e. $1,500×2% = $30
The cash that would be recovered to ApplianceWolrd will be $1,500 - $30 = $1,470 (net of the credit card fee).
<u>Journal entry</u>
Debit (increase) Cash $1,470
Debit (increase) Expense - Credit card fee $30
Credit (increase) sales revenue - $1,500
Explanation:
agriculture expert a person who is expert in the field of agriculture person who knows best about the agriculture is generally known as agricultural expert
Relevancy ranking suggests internet search result will be placed in order of the order of the most relevant to the search query. The first item on the ranking should be the most relevant and then as the list goes down they are less related to the topic being searched for.
With respect to the six stages of a quality life cycle, the implementation stage of a new quality initiative is called adoption.
What is life cycle?
The term life cycle refers to the life are the passes on the different stages such as baby, kids, children, teenager, adult, young, and the last is the old there are the different phases of the life.
There are the six stages of the quality life cycle are the adoption, regeneration, energizing, maturation, limitation, or stagnation and decline. The adoption is the implementation stage of a new quality initiative.
As a result, the quality life cycle is the adoption.
Learn more about on life cycle, here:
brainly.com/question/12600270
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