Margin of safety as a percentage of sales

Assignment Help Financial Accounting
Reference no: EM13749819

Puchalla Corporation sells a product for $100 per unit. The product's current sales are 12,100 units and its break-even sales are 10,406 units. The margin of safety as a percentage of sales is closest to:

Reference no: EM13749819

Questions Cloud

Prepare a schedule of expected cash collections from sales : Silver Company makes a product that is very popular as a Mother’s Day gift. Thus, peak sales occur in May of each year, as shown in the company’s sales budget for the second quarter given below: Prepare a schedule of expected cash collections from sa..
Using the general ledger accounts and balances : Using the general ledger accounts and balances below please prepare a Stockholder Equity section of the balance sheet. Include all details such as number of shares authorized, issued and outstanding as well as par values.
What ways are various forms of art used to influence : In what ways are various forms of art, music, and literature used to influence our reactions to changes within society? Provide an example of how a work of art (or modern day artifact) has influenced you.
For purposes of the accrual method of accounting : For purposes of the accrual method of accounting, the economic performance test is met when
Margin of safety as a percentage of sales : Puchalla Corporation sells a product for $100 per unit. The product's current sales are 12,100 units and its break-even sales are 10,406 units. The margin of safety as a percentage of sales is closest to:
What is her net capital gain or loss : Sharon has the following results of netting her short-term and long-term capital gains and losses for 2014: $56,000 short-term capital loss, and $82,000 net long-term capital gain ($21,000 0%/15%/20% long-term capital gain, and $61,000 25% long-term ..
Taxable income and the tax on the taxable income : Samuel, head of household with two dependents, has 2014 wages of $26,000, paid alimony of $3,000, has taxable interest income of $2,000, and a $12,000 0%/15%/20% net long-term capital gain. Samuel uses the standard deduction and is age 38. What is hi..
Contribution margin ratio : Maack Corporation's contribution margin ratio is 17% and its fixed monthly expenses are $45,000. If the company's sales for a month are $301,000, what is the best estimate of the company's net operating income? Assume that the fixed monthly expenses ..
Identify and analyze the transactions : Darlene's Diner accepts American Express credit cards from its customers. Darlene's is closed on Sundays and on that day records the weekly sales and remits the credit card receipts to American Express. For the week ending on Sunday, June 12, cash sa..

Reviews

Write a Review

Financial Accounting Questions & Answers

  Journalize the transactions - post to the ledger accounts

Journalize the transactions - Post to the ledger accounts

  Calculate net cash provided by operating activities

Salvador, Inc. reported net income of $2.5 million in 2008. Depreciation for the year was $260,000, accounts receivable decreased $350,000, and accounts payable decreased $280,000. Calculate net cash provided by operating activities using the indir..

  Question wake construction installs and manufactures

question wake construction installs and manufactures standard and custom-made cabinetry for residential homes. last

  Prepare journal entry to record this transaction

the land carried a value of $250,000. Nikle paid $300,000 down in cash and signed a note payable for the balance. Prepare the journal entry to record this transaction.

  Enter the balances in ledger accounts

From the trial balance and the information given below, prepare annual adjusting entries and post to the ledger accounts. (Omit explanations.)

  Edgar a widower is a retired trade executive in 2011 edgar

edgar a widower is a retired trade executive. in 2011 edgar received 200000 in pension payments 30000 in interest from

  Prepare a document flowchart of the expenditure cycle

Use the steps demonstrated in class & prepare a document flowchart of the expenditure cycle procedures described above. Use Excel for this assignment.

  Liquidity and solvency of the company

The question is about ratio analysis finding out liquidity and solvency of the company - relative profitability of the companies by computing the net income and earnings per share for each company for 2007.

  Illustrate what type of gain or loss will susan have on sale

She had purchased the word processor three years ago for $950 and has taken $300 in depreciation. Explain how much and what type of gain or loss will Susan have on the sale?

  Cost of timber sold related to depletion for 1998

Evaluate the depreciation expense and the cost of timber sold related to depletion for 1998 and determine the cost of timber sold related to depletion for 2009.

  Would you advise art to incorporate the business

Art plans to leave the profits in the business for several years, sell the business, and retire. Would you advise art to incorporate the business or operate it as a sole proprietorship? Provide reasons for your answer.

  Recognize the income tax benefit of the operating loss

Wynn Sheet Metal reported an operating loss of $160,000 for financial reporting and tax purposes in 2013. The enacted tax rate is 40%. Taxable income, tax rates, and income taxes paid in Wynn‘s first four years of operation were as follows:

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