What is the margin of safety as a percent of sales

Assignment Help Accounting Basics
Reference no: EM132435821

Question - Gladstone Co. has expected sales of $326,000 for the upcoming month and its monthly break even sales are $300,000. What is the margin of safety as a percent of sales, rounded to the nearest whole percent?

52%.

8%.

92%.

108%.

9%.

Reference no: EM132435821

Questions Cloud

Concentrate on income taxation : Consider a closed economy with public sector. Let time be discrete. Because we shall concentrate on income taxation rather than lump-sum taxes
What are the primary arguments that john maynard keynes : What are the primary arguments that John Maynard Keynes (in favor of active stabilization) and F.A. Hayek (against active stabilization) are making in favor
Calculate the break-even point in units : A company's product sells at $12 per unit and has a $5 per unit variable cost. Calculate the break-even point in units
What the effects on Africa that changed the intellectual : What the effects on Africa, Europe and Colonial America changed the intellectual, religious, cultural and artistic environments.these three continents
What is the margin of safety as a percent of sales : Gladstone Co. has expected sales of $326,000 for the upcoming month. What is the margin of safety as a percent of sales
What is the rate and efficiency variances for the variable : What is the rate and efficiency variances for the variable overhead item power cost and indicate whether those variances are unfavorable or favorable
Explain the relationship between the empire and the colonies : Explain the relationship between the empire and the colonies.The economy of each colony,The lives of the European settlers,The lives of the African slaves
What is the doctrine of stare decisis : What is the doctrine of stare decisis, and why is it important and What are the two primary functions of the U.S. Constitution - What must be present.
What greatest challenges the US Intelligence Community : What do you believe are the greatest challenges the U.S. Intelligence Community will face in the next decade?the way Congressional Oversight is conducted

Reviews

Write a Review

Accounting Basics Questions & Answers

  Journalize the selected transactions if no entry is

selected transactions completed by everyday products inc. during the fiscal year ending december 31 2012 were as

  What is the breakeven point in sales dollars

What is the breakeven point in sales dollars

  Calculate the revaluation of the equipment

Dower Corporation prepares its financial statements according to IFRS. Calculate the revaluation of the equipment

  Gasson company uses the weight-avergae method in its

gasson company uses the weight-avergae method in its process costing system. the companys ending work in process

  Prepare an eight slide power point presentation

Prepare an eight slide Power Point presentation. Submit both the report and the Power Point presentations for grading

  Compute the return on investment for the current year

The south Division of wiig Company reported the following data the current year. Compute the return on investment (ROI) for the current year

  Make related journal entry for the current year

In 2015 Tetra Corp generated $583,000 in revenues and incurs $276,000 In expenses. There arc no permanent or temporary book-tax differences.

  Schlamber company factory overhead rate is rs2 per hour

schlamber company factory overhead rate is rs.2 per hour. budgeted overhead for 3000 hours per month is rs. 8000 and

  What is elijah adjusted basis in the stock

Elijah Soro owns 100 shares of common stock, each with an adjusted basis of $40, in Dowe Magazine Racks. Dowe distributes one share of common stock for every.

  Problem regarding the economic expansion

Imagine that you own a business and that during the next recession, you lay off 10 percent of your workforce. When an economic expansion begins and your sales begin to increase, why might you not immediately start rehiring workers?

  Calculate net capital gain or net capital loss for the year

Over the last 12 months, Eric acquired the following assets: an antique vase (for $2,000), an antique chair (for $3,000), a painting (for $9,000).

  What amount of create''s interest expense is allocated

What amount of Create's interest expense is allocated and apportioned to foreign-source income using the tax book blue method? Using the fair market method?

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