What is company margin of safety as percentage of its sales

Assignment Help Accounting Basics
Reference no: EM133180647

Question - Molander Corporation is a distributor of a sun umbrella used at resort hotels. Data concerning the next month's budget appear below:

Selling price per unit $26

Variable expense per unit $15

Fixed expense per month $9,240

Unit sales per month 990

Required -

1. What is the company's margin of safety?

2. What is the company's margin of safety as a percentage of its sales?

Reference no: EM133180647

Questions Cloud

Prepare the relevant journal entries to record the bonus : The entity reported profit after tax of $17.5 million for 2020 and $24.1 million for 2021. Prepare the relevant journal entries to record the bonus
What is brady net pay : His federal income tax deduction is $112.15, and has additional federal tax withholding of $50.00 per pay period. What is Brady's net pay
What is an international capital market : What is an international capital market? Site some factors that greatly affect the international capital market and describe what you think are the reasons
Practices for hiring top talent and process : Discuss best practices for hiring top talent and the process for developing top talent from within the organization.
What is company margin of safety as percentage of its sales : Molander Corporation is a distributor of a sun umbrella used at resort hotels. What is the company's margin of safety as a percentage of its sales
Nosocomial urinary infection rate : your learning in previous courses, you receive information that the nosocomial urinary infection rate is increasing for patients in the critical care areas.
Discuss the biggest problems you saw in the company : Read the excerpts provided to you (in the Readings section) from the recent book The Cult of We. Discuss the biggest problems you saw in the company
Bachelor capstone in health care administration : Discuss among your classmates possible causes of an increased infection rate, how to handle infection control,
What are the prices of these bonds today : The bond has a coupon rate of 9.4 percent, a YTM of 7.4 percent, and has 19 years to maturity. What are the prices of these bonds today

Reviews

Write a Review

Accounting Basics Questions & Answers

  In 2010 the dugan co had net credit sales of 750000 on

in 2010 the dugan co. had net credit sales of 750000. on january 1 2010 allowance for doubtful accounts had a credit

  Estimate the bid and offer prices

Estimate the bid and offer prices. What is the basic approach in determining these prices - the management of the target company tends to resist the intention

  What are the estimated cash collections in May

Cash sales average 10 per cent of total sales and credit sales are collected 50 per cent in the month of sale. What are the estimated cash collections in May

  Find what balance of the accounts receivable control account

Find what is the balance of the Accounts Receivable control account after the monthly postings on July 31? Sandhill Company uses both special journals.

  What is the expected return on the portfolio

Laura has one risk-free asset and one risky stock in her portfolio. What is the expected return on the portfolio if the portfolio beta is .975?

  Define how your classmates would address differing views

You seemed to develop significant interest with your talk on the future of cost accounting. Your boss has heard about the excellent presentation.

  What is the amount of mike tax on the capital transaction

In October of the current year, Mike sold a share of Berkshire-Hathaway for $73,000. What is the amount of Mike tax on the capital transaction

  What insights did you gain form looking at the various ratio

A. For the following ratios create trend charts for WFM for 10 years 2002 - 2011. Use ratio data from Morningstar online database: Current ratio, Average collection period, Debt/Equity, Times interest earned, and Operating profit margin. Use separ..

  What equation describes the periodic inventory system

What equation describes the periodic inventory system? Briefly discuss and compare the four major alternative cost-flow assumptions for inventory

  On january 1 2009 carlin corporation issued 2400000 of

on january 1 2009 carlin corporation issued 2400000 of 5-year 8 bonds at 95 the bonds pay interest semiannually on july

  Which of the following statements best describes how gaap

which of the following statements best describes how gaap and ifrs treat cash?gaap is more strict about what is

  Preferred stock 1 par value 5000 common stock 1 par value

balance sheet stockholders equity preferred stock 1 par value 5000 common stock 1 par value 20000 additional paid-in

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