Stockmaster Corporation has provided the following contribution format income statement. Assume that the following information is within the relevant range. Sales (8,000 units) $ 320,000 Variable expenses 192,000 Contribution margin 128,000 Fixed expenses 121,600 Net operating income $ 6,400 The margin of safety in dollars is closest to: Multiple Choice $121,600 $128,000 $6,400 $16,000

Answers

Answer 1

Answer:

$16,000

Explanation:

Calculation to determine what The margin of safety in dollars is closest to

First step is to calculate the Contribution margin ratio using this formula

Contribution margin ratio=Contribution margin/Sales

Let plug in the formula

Contribution margin ratio=(128,000/320,000)

Contribution margin ratio=0.4

Second step is calculate the breakeven sales using this formula

Breakeven sales=(Fixed cost/Contribution margin ratio)

Let plug in the formula

Breakeven sales=121600/0.4

Breakeven sales=$304,000

Now let determine the Margin of safety using this formula

Margin of safety=Total sales-Breakeven sales

Let plug in the formula

Margin of safety=320,000-304,000

Margin of safety=$16,000

Therefore The margin of safety in dollars is closest to: $16,000


Related Questions

An analyst has decided to identify value stocks for investment by screening for companies with high book-to-market ratios and high dividend yields. A potential drawback of using these screens to find value stocks is that the firms selected may: be those that have significantly underperformed the market. be concentrated in specific industries. have unsustainable dividend payments.

Answers

Answer: be concentrated in specific industries.

Explanation:

Companies that exhibit characteristics such as a high book-to-market ratio and high dividend yield are usually found in specific industries like the financial services sector.

Using this method would therefore lead to investments in specific industries which is riskier because the industrial risk component increases in that if the industry is adversely affected, the investors would suffer from going in on investments concentrated in one or a couple of related industries.

________ in the form of logos, stationery, brochures, signs, business forms, business cards, buildings, uniforms, and company trucks can be used to help a company create an identity that the public immediately recognizes.

Answers

Answer:

Corporate identity materials

Corporate marketing in the form of logos, stationery, brochures, signs, business forms, business cards, buildings, uniforms, and company trucks can be used to help a company create an identity that the public immediately recognizes.

What is Corporate marketing?

Corporate marketing is the means by which a corporation or organization attracts potential customers.

A corporate marketing team is responsible for determining how to reach the company’s desired customers, and determining what kinds of advertising and messaging tactics will appeal to them

Corporate marketing infiltrates nearly every aspect of people’s lives, whether they’re conscious of it or not. People tend to notice a billboard that they drive past every day on their way to work, if only because it’s a distraction from traffic.

A direct-mail piece asking constituents to vote for a particular candidate will be noted, and a perception about the candidate’s face, posture, clothing, combined with the wording on the postcard, will be developed before it’s tossed into the recycling bin.

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Johnson is an executive vice president at Conecom Hardware. He researches a proposal by a larger company, Openlane Hardware, to combine the two companies. By analyzing past performance, conducting focus groups, and interviewing Openlane employees, Johnson concludes that Openlane has poor profit margins, sells shoddy merchandise, and treats customers poorly. What actions should Johnson and Conecom Hardware take

Answers

Answer: Turn down the acquisition offer and prepare to resist a hostile takeover.

Explanation:

Since Johnson analysed the past performance of Openlane hardware and found out that past performance, conducting focus groups, and interviewing Openlane employees, Johnson concludes that the company has poor profit margins, sells shoddy merchandise, and treats customers poorly, then Johnson and Conecom Hardware should turn down the acquisition offer and prepare to resist a hostile takeover.

In this case, the merge between the companies will have a negative impact on Johnson and Conecom hardware due to the fact that the company has a bad reputation already and this can have an effect on Conecom. Therefore, the acquisition offer should be turned down.


1. Give two examples of how life Insurance premiums would be determined based on ageand gender. Explain which type of life Insurance you would
recommend for each situation.

Answers

Answer:

Life insurance is designed to pay out a death benefit to the person or persons you name as beneficiaries when you pass away. In exchange for this coverage, you pay a premium to the life insurance company. In the case of term life insurance, you'd pay these premiums for a set term prescribed by the policy. With permanent life insurance coverage, premiums are due as long as the policy remains in effect

highlights four drawbacks of direct production​

Answers

Answer:

Does not encourage trade as goods are produced for own use.

Citizens have limited variety of goods.

Discourages specialization as one is forced to produce everything required.

Hinders technological development due to use of simple production methods.

Explanation:

hope i helped

A subject property has a swimming pool (worth $5,000) and a three-car garage (worth $4,500). Comp property A has a pool only and sold for $452,500. Comp property B has a three-car garage only and sold for $446,000. What adjusted prices should you use for these two comps in a CMA

Answers

Answer and Explanation:

The calculation of the adjusted price that could use for these two comps in a CMA is given below:

For Comp property A, the value of the garage should be

= $452,500 + $4,500

= $457,000

And, for comp property B, the value of the pool should be

= $446,000 + $5,000

= $451,000

In this way, it should be considered

Karen has been asked to head a team at work that is charged with finding new ways to develop products for their marketing group. She has asked her team members to begin exploring approaches that have worked in the past and to identify approaches that have not worked before. Karen wants her team members to start the process of Group of answer choices

Answers

Answer:

C. adopting a questioning attitude.

Explanation:

Since in the question it is mentioned that they have to develop the products for the marketing group so for this they started to exploring the approaches that worked on the past and identified those approaches that does not worked before so here she wants that the process should be begins by adopting the questioning attitude that means they are capable to identify the errors facing in a activities they perfomed

Therefore the option c is correct

A clearinghouse scam involves a victim receiving: a. a letter that claims he or she has inherited a significant amount of money. b. mail from a known party who claims to have access to large sums of money or assets. c. a letter that falsely claims the writer represents a foreign bank. d. an email containing their Social Security number and/or credit information.

Answers

Answer:

c. a letter that falsely claims the writer represents a foreign bank.

Explanation:

A clearing house is a financial institution that should be created for exchanging the payments, securities, or transactions related to derivates. It stands between the two clearing firms. Its motive is to decrease the member risk that failed to honor the trade settlement liabilities

So the clearing house scam includes the victim that collect the letter in which there is false claims where the writer shows the foreign bank

A monopoly exists when:
(A) A company is larger than all the other companies in the industry combined.
(B) A company produces greater quantities of an item than any other firm.
(C) A company charges higher prices than anyone else for a product.
(D) There is only one supplier of a particular good or service.

Answers

A monopoly exists when a company produces greater quantities of an item than any other firm. Hence, option B is correct.

What is monopoly?

Monopoly is the single seller in the market. Monopoly enjoys the freedom of price variation, as there is no other seller for competition.

The monopoly case is viewed as the polar opposite of perfect competition in conventional economic analysis.

Thus, option B is correct.

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A furniture producer has decided to buy its upholstery cloth from new suppliers. The president has given the purchasing manager responsibility to make the final selections and negotiate the terms. The purchasing manager looks through books with samples and specifications and then calls salespeople to make presentations to the production manager, who is concerned about how easy the cloth will be to cut and sew. In this case, the purchasing manager is a(n

Answers

Answer: All of the above

Explanation:

The options to the question include:

A. influencer.

B. a buyer.

C. a decider.

D. a gatekeeper.

E. all of the above

Based on the information given in the question, the purchasing manager is a buyer, influencer, gatekeeper, and decider.

The gatekeeper is a person who blocks the way between an individual and the decision maker in an organisation. This can be seen as he looks through books with samples and specifications and then calls salespeople to make presentations to the production manager.

The purchasing manager is also the decider as he makes the decision in the buying process for the organization. He's also the buyer and the influencer. Therefore, the correct option is All of the above.

HELP!!! Economists note that personal income rose by 5 percent last year. What impact will the change in personal income have on demand?
A It will cause the demand curve to shift up
B It will cause the demand curve to shift left
C It will cause the demand curve to shift down
D It will cause the demand curve to shift right

Answers

Answer:

D It will cause the demand curve to shift right

Explanation:

Given

Increase in personal income

Required

The changes on the demand curve

On the demand curve, quantity is represented by the x-axis, while the y-axis represents price.

When personal income increases, the quantity of items purchased will increase.

This means that there will be a shift to the left on the demand curve.

Hence, (d) is correct

Organization costs must be expensed as incurred. b. A copyright should be considered an intangible with an indefinite life. c. The registration of a trademark or trade name lasts for 20 years and is nonrenewable. d. A patent should be amortized over the shorter of the inventor's life or its economic life.

Answers

Answer:

c. a patent should be amortized over the shorter of the inventor's life or its economic life

Explanation:

Which of the following statements concerning intangibles is true?

a. a copyright should be considered an intangible with an indefinite life

b. organization costs must be expensed as incurred

c. a patent should be amortized over the shorter of the inventor's life or its economic life

d. the registration of a trademark or tradename lasts for 20 years and is non-renewable

Patents are a right granted to an inventor to exclusively sell a product for a specific period of time usually for 20 years. During this period, others are prevented from making, using, or selling the invention. A patent should be amortized over the shorter of the inventor's life or its economic life.

Types of patents include:

1. utility patents

2. design patents

3. plant patent

Copyright gives the inventor of a product and anyone they give the permission to the right to reproduce the product. Copyrights have limited lives

A company issued 6,000 shares of stock at $10 each, with a par value of $2.

What amount is debited as Cash?

A. $6,000

B. $66,000

C. $30,000

D. $72,000

Answers

The answer is c $30,000

Answer:

A. 6,000

Explanation:

trust

What is the basis of the law of demand?
Group of answer choices

Self-interested behavior

Marginal utility

Utility curves

Market timing

Answers

market timing

Explanation:

because that way u wont miss customers

a. In 2018, manufacturing workers in the United States earned average compensation of $21.86 per hour. That same year, manufacturing workers in Mexico earned average compensation of $3.20 per hour. U.S. manufacturers can possibly compete if multiple choice 1 the product in the United States is specialized. technology is cheaper in the United States. U.S. workers are more productive. some production is done in low-wage countries. b. All manufacturing is not done in Mexico and other low-wage countries because multiple choice 2 there is not enough foreign labor. of trade barriers. shipping costs are too high. consumers want domestically produced products.

Answers

Answer:

a. The correct option is that U.S. manufacturers can possibly compete if U.S. workers are more productive.

b. The correct option is that all manufacturing is not done in Mexico and other low-wage countries because of trade barriers.

Explanation:

a. U.S. manufacturers can possibly compete if

A worker or labor is said to be more productive if it produces or able to produce larger amounts of goods than the other workers or labors.

If the U.S. workers are more productive than the workers in Mexico, the labor cost per unit of goods produced in the US will be lower than the labor cost per unit of goods in Mexico.

Therefore, the correct option is that U.S. manufacturers can possibly compete if U.S. workers are more productive.

b. All manufacturing is not done in Mexico and other low-wage countries because

Trade barriers are restrictions on international trade imposed by the government.

When a country imposes trade barriers, some goods will not be imported into that country even if they are cheaper in terms of average compensation per hour for manufacturing workers than the locally produced goods. As a result, some of the goods have to be manufactured in the country where average compensation per hour for manufacturing workers is the highest.

Therefore, the correct option is that all manufacturing is not done in Mexico and other low-wage countries because of trade barriers.

Angie needs a new dishwasher. She saw a great sale on the model she wanted and went down to her local appliance store. When she got there, the store owner said that they no longer had that dishwasher, but they would be happy to sell her a different model at a higher price. Why might the Federal Trade Commission be willing to look into this?

A.
It is false advertising.

B.
It is creating an invalid debt.

C.
It is preventing fair competition.

D.
It is an improper debt collection.

Answers

Answer:

A. It is false advertising.

Explanation:

Advertisement refers to the promotional multimedia messages designed and developed to make the products or services of a company known to its customers and potential customers.

The Federal Trade Commission (FTC) is an agency of the government of the United States of America saddled with the responsibility of promoting consumer protection and the enforcement of all civil antitrust laws.

Basically, the laws formulated or established by the FTC are to provide protection for consumers of various goods and services while requiring that businesses do not make false claims about them.

Furthermore, the consumer protection laws enforceable by the Federal Trade Commission (FTC) guarantees truthful information in the marketplace at all times. This is achieved by requiring that business firms only make claims about their products and services that can be proven.

In this scenario, the Federal Trade Commission might be willing to look into this issue (advert of the dishwasher model) because it is false advertising.

E-procurement: works best in long-term contract situations but is not suited for auctions. is the same thing as Internet purchasing. has many benefits but requires a lot of paperwork. is illegal in all states except Nevada and New Jersey. All of these are true of e-procurement.

Answers

E-procurement is the same thing as Internet purchasing.

Electronic procurement simply means buying a product online through the internet.

It should be noted that e-procurement is also the same thing as Internet purchasing and it doesn't require any paperwork.

Electronic procurement is legal in all states as people can purchase goods or services through the internet.

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what will happen to trade if business is flourishing?​

Answers

Answer:

if the business is florishing, as an example Medical sectors during pandemic they are going to grow till they are in a high demand

Timothy periodically purchases bonds issued by Prince Waste Collection. Last year, he bought two bonds in February, two bonds in June, and one bond in August, then sold them all in October. Prince Waste Collection bonds were selling at 94.593 in February, 92.661 in June, 105.480 in August, and 102.882 in October. If each bond that Timothy bought had a par value of $1,000, how much profit did he make from buying and selling these bonds

Answers

Answer:

$344.22

Explanation:

Calculation to determine how much profit did he make from buying and selling these bonds

First step is to calculate how much Timothy invested in February, June and August

February=2 x $1,000 x 94.593%

February = $1,891.86

June= 2 x $1,000 x 92.661%

June= $1,853.22

August= $1,000 x 105.48%

August = $1,054.80

Total investment = $4,799.88

($1,891.86+$1,853.22+$1,054.80)

Seconds step

Since Timothg sold 5 bonds in the month of October at 102.882 each which means he will received:

Amount received= 5 x $1,000 x 102.882%

Amount received= $5,144.10

Now let determine his Total profit

Total profit = $5,144.10 - $4,799.88

Total profit= $344.22

Therefore how much profit did he make from buying and selling these bonds will be $344.22

Which of the following is not a form of business combination?: (A) Acquisition. (B) S Corporation. (C) Conglomerate. (D) Merger.

Answers

Answer:

b.corporation is answer

A good manager: A. gives advice freely and frequently. B. is more result-oriented than relationship-oriented. C. has a judger mind-set and low self-awareness. D. schedules time for listening to employees each day. E. believes that listening too much is a sign of indecisiveness.

Answers

Answer:

B.

Explanation:

If you're asking a good manager that keeps the busniess running the answer is B because he would get the best money results.

If you mean the best manager because CO-workers like him the answer is A, but I don't think that's what you're asking so the answer is most likely B.

IF THE ANSWER IS SELECT ALL THAT APPLY,

-A

-B

-D

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Lifelong Learning: Mastery Test
4
Select the correct answer.
Why do many organizations encourage their employees to be lifelong learners?
O A employees will be more able to handle increasing responsibilities
OB. employees will be more likely to follow company policies
OC employees will be more likely to remain loyal to the company
OD. employees will be more likely to interact well with each other
Reset
Next

Answers

Answer: A. employees will be more able to handle increasing responsibilities.

Explanation:

Lifelong learning refers to the ongoing pursuit of knowledge for personal or professional reasons. When a person is a lifelong learner, such person has a growth mindset and pushes himself or herself to find new ideas to solve challenges.

Several organizations encourage their employees to be lifelong learners in order for such employees to be able to handle increasing responsibilities. Some organizations send their employees to study some courses which will help in their growth and development and also to be able to handle certain responsibilities.

During the current fiscal year, the Gateway City government recorded a $15,000 transfer from the General Fund to an internal service fund, a $25,000 transfer from the General Fund to an enterprise fund, a $10,000 transfer from an enterprise fund to an internal service fund, and a $5,000 transfer from an enterprise fund to the General Fund. In the Business-type Activities column of the government-wide financial statements, Gateway City should report: Multiple Choice

Answers

Answer:

$10,000

Explanation:

Calculation to determine what Gateway City should report in the government-wide financial statements

Using this formula

Net Transfer=+Transfer from the General Fund to an enterprise fund-Transfer from an enterprise fund to an internal service fund-Transfer from an enterprise fund to the General Fund

Let plug in the formula

Net Transfer =+$25,000-$10,000-$5,000

Net Transfer=$10,000

Therefore In the Business-type Activities column of the government-wide financial statements, Gateway City should report:Net Transfer in of $10,000

How is chinese food made soo gosh darn good?​

Answers

Answer:

Worm noodles

Explanation:

Answer:

I wish I knew. salt i guess

Explanation:

Which of the following items is an example of an overhead expense?: (A)Rent on a factory. (B)Electricity, most of which is used to power a plant's machinery. (C)Raw materials used in manufacturing. (D)Shipping costs on goods sold. (Hint: Remember that overhead expenses are fixed costs, which must be paid regardless of the amount of business done.)

Answers

A, the rent. If confused between A and B, remember that electricity is a cost that can fluctuate over the amount of business, as well as C and D.

The Learner Company uses the weighted average method. Learner's beginning work in process consists of 6,600 units (100% complete with respect to materials and 60% complete with respect to conversion costs). The number of units completed during the period is 126,000. The ending work in process consists of 10,500 units (100% complete with respect to materials and 30% complete with respect to conversion costs). What are the equivalent units of production with respect to conversion costs

Answers

Answer: 129150

Explanation:

Based on the information given in the question, the equivalent units of production with respect to conversion cost will be calculated thus:

Equivalent Units = Units Completed + Units in EWIP × Fraction of conversion cost

= 126,000 + (10,500 × 0.30)

= 126,000 + 3150

= 129,150 units

Therefore, the equivalent units of production with respect to conversion costs is 129150 units

The U.S. Congress enacts a new federal statute that sets different standards for the liability of businesses selling defective products. This statute applies

Answers

The new federal statute i.e. different standards should be set out and there should be the liability for selling the defective products that should be applied to all the states.

The following information should be considered:

The new federal statute should be enacted in which the different standards should be set out.In this, there is the liability for selling out the defective products and this should be applied to all states as everyone should be treated equally so all states should be considered.

Therefore we can conclude that The new federal statute i.e. different standards should be set out and there should be the liability for selling the defective products that should be applied to all the states.

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both dual enrollment and AP courses offer the following possibilities except that

Answers

AP gives you a higher grade point average. Although, Duel Enrollment just requires you to pass the class but AP requires the test to be taken and passed to count towards college education.

Which of the following statements is true? Multiple Choice The short-run aggregate supply curve is downsloping. The short-run aggregate supply curve is vertical. The long-run aggregate supply curve is vertical. The long-run aggregate supply curve is upsloping.

Answers

Answer:

The long-run aggregate supply curve is vertical.

Explanation:

The short-run aggregate supply curve is upward sloping. This means that at higher prices, more output would be produced.

The long-run aggregate supply curve is vertical. This is because it is believed that in the long run only capital, labour, and technology lead to changes in the aggregate supply.

The aggregate demand curve is a graph that represents the  total quantity of all goods and services demanded by the economy at different price levels. The aggregate demand curve slopes downward  

From June to the end of September, Jennifer wants to save at least $1,500. Her monthly expenses are $600. Jennifer saves whatever money she has left after paying her expenses each month. Jennifer is scheduled to work 80 hours in September. Find the minimum sales she needs in September to meet her goal of saving at least $1,500.

Answers

The minimum sales required by Jennifer to meet her savings goal must be $26.25 per hour or $2100 for September.

Given that,

Savings desired = $1500

Monthly expenses = $600

Let money earned by her every hour be [tex]x[/tex]

No. of scheduled work hours [tex]=[/tex] [tex]80[/tex]

So,

Total money earned for the month [tex]=[/tex] [tex]80[/tex] × [tex]x[/tex]

[tex]= 80x[/tex]

As we know,

Money left = Total money earned - expenses

[tex]= 80x[/tex] - [tex]$600[/tex] ...(i)

A.T.Q.

Money left must be = $1500

Then, by putting the variables in equation (i), we get

[tex]80x - 600 = 1500[/tex]

Now, solving for  [tex]x[/tex]

[tex]80x - 600 = 1500[/tex]

        [tex]+600 = + 600[/tex]

_______________

[tex]80x = 2100[/tex]

[tex]x = 2100/80[/tex]

∵ [tex]x = 26.25[/tex]

Thus, the required sales are $ [tex]26.25[/tex] per hour or ( [tex]26.25[/tex] × [tex]80[/tex] = $2100) for the month of September.

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