Mcmurtry Corporation sells a product for $170 per unit. The product's current sales are 10,000 units and its break-even sales are 8,100 units. The margin of safety as a percentage of sales is closest to:
A. 77%
B. 81%
C. 19%
D. 23%
Answer: C
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When a salesperson asks a customer to prepare a note or letter of introduction that can be delivered to the potential customer, this person is using which prospecting method?
A) networking B) mail inquiry C) cold canvass D) referral E) trade show
Keegan is a purchasing manager for a large auto manufacturer. The contract with the company's steel provider is just about to expire, so Keegan is negotiating the terms and condition of a new contract with his supplier. Keegan is satisfied with the negotiations, so he takes the next step of drawing up a legal obligation to buy the negotiated amount of steel at the price and delivery date agreed upon by himself and his supplier. This legal obligation is otherwise known as
A. a contract amendment. B. a purchase order. C. a bill of sale. D. the cost of goods sold. E. an agreement.
Return on owners' equity is also called profit margin
Indicate whether the statement is true or false.
Wages, salaries, and tips are compensation for services rendered. However, commissions, bonuses, and severance pay are not taxable.
Answer the following statement true (T) or false (F)