1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Reika [66]
2 years ago
15

MC Qu. 74 If a firm's forecasted sales are... If a firm's forecasted sales are $238,000 and its break-even sales are $184,000, t

he margin of safety in dollars is: rev: 07_12_2018_QC_CS-131102
Business
1 answer:
KonstantinChe [14]2 years ago
3 0

Answer:

22.69%

Explanation:

Margin of safety = (forecasted sales -  break-even sales) / forecasted sales

( $238,000 - $184,000) / $238,000 x 1000 = 22.69%

You might be interested in
A constant-cost industry
Vika [28.1K]

Answer:

C) has a horizontal long-run supply curve.

4 0
3 years ago
The following selected data pertain to Flagship Corporation: Cash operating expenses July 1-31$180,000 Depreciation 60,000 Merch
padilas [110]

Answer:

Total cash disbursement in July= $674,000

Explanation:

<u>First, we must determine the cash disbursements from July purchases and expenses:</u>

Cash disbursements from July:

Cash operating expenses July= 180,000

Merchandise purchases in July= 560,000*0.4= 224,000

Total cash from July= $404,000

Depreciation is not a cash disbursement cost.

<u>Now, from June and before:</u>

Estimated payments in July for J<u>u</u>ne purchases 220,000

Estimated payments in July for purchases before June 50,000

Total cash disbursement in July= 404,000 + 220,000 + 50,000

Total cash disbursement in July= $674,000

3 0
3 years ago
The new ASC Topic 606 for revenue recognition:
denpristay [2]

Answer:

addresses when and how revenue should be recognized in contracts that provide both goods and service to customers.

Explanation:

ASC 606 is a new standard that provides guidance on revenue recognition to the companies that provide goods and services to its customers. This standard is for both public and private entities. Earlier there were some variations in the revenue recognition process across different companies. The new standard has now simplified standardization in financial reporting.

5 0
3 years ago
Fiona signed an agreement to either buy or not buy nick’s vacant lot for $310,000 by a specific date. What's this agreement call
kolezko [41]

Fiona signed an agreement to either buy or not buy nick’s vacant lot for $310,000 by a specific date. This agreement is called a bilateral contract.

<h3>What is bilateral contact?</h3>

A bilateral contract is a contract which is made between two parties. Under this contract, both parties make promises to each other on the terms and conditions. In this contract, the promise of one party turns into a consideration of the other party. It is the most common kind of contract which is binding in nature.

Fiona signed a contract promising to either purchase Nick's vacant lot for $310,000 by a certain date or not. It's referred to as a bilateral contract.

Learn more about the bilateral contracts from here:

brainly.com/question/14527253

#SPJ1

4 0
2 years ago
Chuck, a single taxpayer, earns $75,000 in taxable income and $10,000 in interest from an investment in City of Heflin bonds. (U
scZoUnD [109]

Answer:

a. 24%

b. 12%

Explanation:

Marginal tax rate is an incremental tax rate that is paid out of the taxable income of a tax payer. It represents the rate at which the last unit of dollar of the taxable income is taxed. The marginal rate for each income bracket is supplied by the Internal Revenue Service (IRS).

                               Chuck Marginal Tax Rate

a) The marginal tax rate for Chuck if he earns additional $40,000 taxable income will be:

= $75,000 + $40,000

= $115,000

Marginal tax rate for $115,000 is 24% according IRS tax rate schedule.

b) If instead, it is an additional deduction of $40,0000, the marginal tax rate will be:

= $75,000 - $40,000

= $35,000

The marginal tax rate for taxable income of $35,000 is 12% according US tax rate schedule.

Note: the interest is categorized as interest from municipal bond, so it is tax free.

It is also assumed that Chuck is single. Hence, tax rate under single filer applies to him.

3 0
3 years ago
Other questions:
  • Discuss the actions taken by the read_item and write_item operations on a database.
    13·1 answer
  • A company reported total assets at the end of 2017 of $95,000; including cash of $35,000, accounts receivable of $20,000, and in
    12·1 answer
  • "An insured has an $80,000 dwelling policy with a $500 deductible. In addition to the house, the property includes a detached ga
    13·1 answer
  • he direct write-off method of accounting for uncollectible accounts a. emphasizes the matching of expenses with revenues. b. emp
    6·1 answer
  • A limited partnership account is being opened at your firm. The general partner has provided the partnership tax identification
    8·1 answer
  • The management accountant at Woodhaven Cycle Shoppe developed a budget to establish the sales goals at the store in 2012. In 201
    7·1 answer
  • Georges Bank, a highly productive fishing area off New England, can be divided into two zones in terms of fish population. Zone
    15·1 answer
  • How can setting goals help me get some of the things I need or want?
    13·2 answers
  • Using the following data, prepare a statement of revenues, expenditures, and changes in fund balance for the General Fund of Jas
    10·1 answer
  • The strategies an organization develops to provide value to the customers it serves is called:____.
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!