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Question - a. If Canace Company, with a break-even point at $483,800 of sales, has actual sales of $820,000, what is the margin of safety expressed (1) in dollars and (2) as a percentage of sales?
b. If the margin of safety for Canace Company was 40%, fixed costs were $1,418,400, and variable costs were 60% of sales, what was the amount of actual sales (dollars)? (Hint: Determine the break-even in sales dollars first.)
discuss why it is necessary for accountants to assume that an economic entity will remain a going concern. if an entity
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Vira also transfers securities to Zak: Basis = $7,000; FMV = $10,000. How much is Zak and Vira realizedand recognized gains
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The buenaflor corporation has sales of 2,875,000 and cost of goods amounting to 980,500. What will be the amount of net sales for the first quarter
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