Determine the companys margin of safety percentage

Assignment Help Financial Accounting
Reference no: EM13792329

The Grant Company has sales of $300,000, and the break-even point in sales dollars if $225,000. Determine the company’s margin of safety percentage.

Reference no: EM13792329

Questions Cloud

What are the earnings per share figure : Dan, Inc., has sales of $603,000, costs of $255,000, depreciation expense of $62,000, interest expense of $29,000, and a tax rate of 30 percent. The firm paid out $45,000 in cash dividends and has 58,000 shares of common stock outstanding. What are t..
Cost using the conventional retail method : Boyne Inc. had a beginning inventory of $12,000 at a cost and $20,000 at retail. Net purchases were $120,000 at cost and $170,000 at retail. Net mark-ups were $10,000; net markdowns were $7,000; and sales revenue was $147,000. Compute ending inventor..
Prepare journal entries for each of the transactions listed : Raw materials that cost $41,700 are withdrawn from the storeroom for use in the Mixing Department. All of these raw materials are classified as direct materials. Direct labor costs of $47,700 are incurred, but not yet paid, in the Mixing Department. ..
Do you see any problem with a participative leadership style : Do you see any problems with a participative (democratic) leadership style? Can you see a manager getting frustrated when he or she can't control others?
Determine the companys margin of safety percentage : The Grant Company has sales of $300,000, and the break-even point in sales dollars if $225,000. Determine the company’s margin of safety percentage.
Determine the total factory overhead amount applied : The Winston Company estimates that the factory overhead for the following year will be $1,250,000. The company has decided that the basis for applying factory overhead should be machine hours, which is estimated to be 50,000 hours. Determine the tota..
Describing a key reason for product cost : Which of the following statement describing a key reason for product cost differences between simple costing systems and ABC systems is true?
Discussion onthe best exotic marigold hotel : The Best Exotic Marigold Hotel
Service attributes be influenced by management : How might product or service attributes be influenced by management? What other decisions made by management might influence cost behavior?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Compute the predetermined overhead rate for the year

Compute the predetermined overhead rate for the year and compute the amount of underapplied or overapplied overhead for the year.

  Approaches to cost control beyond budgeting

Presentation of financial statements - Approaches to cost control: beyond budgeting

  Determine the depreciation expense

Evaluate the depreciation expense for year under straight-line depreciation and the Allowance for Doubtful Accounts is necessary.

  Illustrate what is it about these two types of accounts

Among financial statement frauds, Revenue and Inventory accounts are the ones most often used to perpetrate fraud. Illustrate what is it about these two types of accounts that makes them more prone to fraud?

  How would transaction be handled on statement of cash flows

The Bodner Corporation sold a machine with a cost of $10,000 and accumulated depreciation of $6,000 for a selling price of (a) $7,000; (b) $2,000. How would this transaction be handled on the statement of cash flows?

  Illustrate what are advantages of computerized accounting

The trainer has covered the difference between manual accounting and computerized accounting. What questions do you have regarding the differences? Illustrate what are the advantages of computerized accounting versus manual accounting?

  What is the predetermined overhead rate

Logan’s actual manufacturing overhead for the year was $741,189 and its actual total direct labor was 35,500 hours. What is the predetermined overhead rate?

  Are joe expectations rational

Considering that it snows only once every ten years where Joe lives, Joe’s expectations are almost always perfectly accurate.” Are Joe’s expectations rational?

  Illustrate what is yonan new required return

Now suppose there is a shift in investor risk aversion, and the market risk premium increases by 2%. The risk-free rate and Yonan's beta remain unchanged. Illustrate what is Yonan's new required return?

  How much will annual profits be increased or decreased

Finding the changes  of annual profits be increased or decreased - If the order is accepted, by how much will annual profits be increased or decreased?

  What is charles cash outflow if the entity is a corporation

In year 3, the entity earns operating income of $200,000 and distributes all of that year's after-tax proceeds to the owners. What amount of cash is available to Charles if the entity operates as a corporation? A partnership?

  Jacksons tax depreciation deduction for equipment

Tax Planning for Corporate Taxpayers Jackson Corporation prepared the following book income statement for its year ended December 31, 2013: For 2013, calculate Jackson's tax depreciation deduction for Equipment 1 and Equipment 2, and determine the ta..

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!

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