User Account

All Pages

Compute the margin of safety in dollars

Assignment Help Accounting Basics
Reference no: EM132897446

Problem - Cunningham Industries reported actual sales of $2,000,000, and fixed costs of $540,000. The contribution margin ratio is 30%. Compute the margin of safety in dollars and the margin of safety ratio.

Reference no: EM132897446

Questions Cloud

What is the new price of the bonds : Suppose that 1 year later the going rate drops to 6%. What is the new price of the bonds, assuming that they now have 29 years to maturity
What are the two ways a sinking fund can be handled : What are the two ways a sinking fund can be handled? Which method will be chosen by the firm if interest rates have risen? If interest rates have fallen
What is the bond price : A bond has a 25-year maturity, an 8% annual coupon paid semiannually, and a face value of $1,000. What is the bond price
Contents of annual report so marketing personnel : Describes the contents of an annual report so marketing personnel can understand the basic requirements of an annual report ,
Compute the margin of safety in dollars : Cunningham Industries reported actual sales of $2,000,000, and fixed costs of $540,000. Compute the margin of safety in dollars
Interprets the firm financial strength : Explain the purpose of a company's 10-K and how it interprets the firm's financial strength.
Assess the impact of small businesses on the economy : How to set up a small business from an entrepreneurial mind-set and Explore and illustrate the range of venture types that might be consider entrepreneurial
Single greatest risk associated with physical security : What do you believe is the single greatest risk associated with Physical Security?
How the TCJA has changed the way taxes are prepared : Explain in detail how the TCJA has changed the way taxes are prepared, and how it will impact tax planning

Reviews

Write a Review

Accounting Basics Questions & Answers

  Find how much did paul received from james as full payment

On January 1, 2021, Paul Corp sold merchandise with a list price of P100,000. On January 10, 2021, how much did Paul received from James as full payment?

  Calculate the inventory turnover

Assume the following data for a retail business in 2013: Net sales: $640,000 and Expenses: 64,000. Calculate the inventory turnover

  What the balance in patricia capital account was

Silent partner and withdrew only $10400. At the end of the year, after all accounts have been closed, the balance in Patricia's capital account was?

  What was the contribution margin percentage

What was the contribution margin percentage? What monthly sales volume (in dollars) would be needed to break-even? What was the margin of safety for March?

  What is als basis in the farm

Al's father and mother were placed in a nursing home. The farm's Fair Market Value was $335,000 at the time of changing hands. What is Al's basis in the farm

  What rate of trade discount must Supplier B offer

Supplier B lists a similar product for $599. What rate of trade discount must Supplier B offer Home Depot to match Supplier A's net price

  What is the quoted annual yield to maturity for the bonds

You are evaluating an outstanding issue of $1,000 par value bonds with an 8.75% coupon rate that mature in 25 years and make quarterly interest payments.

  Compute the dividend yield for Mid State Power

Mid State paid an annual dividend of $2.88. Compute the dividend yield for Mid State Power and Electric Company

  What is the optimal mix of team shirts

Casual Essentials, Inc. manufactures two types of team shirts, the Homerun and the Goalpost, What is the optimal mix of team shirts

  The company can buy the tubes for the balm from a cosmetics

the lotion co. which produces and sells to wholesalers summer lotions wants to now produce winter products. it will

  Holly manufacturing case

Holly Manufacturing Company produces two cello models. One is a standard acoustic cello that sells for $600 and is constructed from medium-grade materials. The other model is a custom-made amplified cello with pearl inlays and a body constr..

  What dollar amount is reported on the income statement

What dollar amount is reported on the income statement related to the transactions above for COGS after the inventory is returned

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd