Ensley Corporation has provided the following data concerning its only product: Selling price$200per unitCurrent sales 30,300unitsBreak-even sales 21,816unitsThe margin of safety as a percentage of sales is closest to:
A. 39%
B. 61%
C. 28%
D. 72%
Answer: C
You might also like to view...
Identification occurs when we form an attitude to conform to another person's or group's expectations
Indicate whether the statement is true or false
Form utility is ________.
A. production's task in creating an offering that is desired by the market B. that which allows for transfer of the product ownership from seller to buyer C. the firm's task in deciding where to distribute the product D. marketing's task in creating an offering that has value E. created when products are available to customers at a convenient location
High fixed costs and low variable costs are typical of which approach?
A) product B) process C) mass customization D) repetitive E) A and C
If my supervisor asked me to cover for him by lying about his whereabouts, I should agree to do it but remind him that I can't make it a habit
Indicate whether the statement is true or false