Explain margin of safety. Why is it important for managers to know their margin of safety?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (10 reviews)
Margin of safety is the amount by which total sales ...View the full answer
Answered By
Mwangi Clement
I am a tried and tested custom essay writer with over five years of excellent essay writing. In my years as a custom essay writer, I have completed more than 2,000 custom essays in a diverse set of subjects. When you order essays from me, you are working with one of the best paper writers on the web. One of the most common questions I get from customers is: “can you write my essay?” Upon hearing that request, my goal is to provide the best essays and overall essay help available on the web. I have worked on papers in subjects such as Nursing and Healthcare, English Literature, Sociology, Philosophy, Psychology, Education, Religious Studies, Business, Biological Sciences, Communications and Media, Physical Sciences, Marketing and many others. In these fields, my specialties lie in crafting professional standard custom writings. These include, but are not limited to: research papers, coursework, assignments, term papers, capstone papers, reviews, summaries, critiques, proofreading and editing, and any other college essays.
My extensive custom writings experience has equipped me with a set of skills, research abilities and a broad knowledge base that allows me to navigate diverse paper requirements while keeping my promise of quality. Furthermore, I have also garnered excellent mastery of paper formatting, grammar, and other relevant elements. When a customer asks me to write their essay, I will do my best to provide the best essay writing service possible. I have satisfactorily offered my essay writing services for High School, Diploma, Bachelors, Masters and Ph.D. clients.
I believe quality, affordability, flexibility, and punctuality are the principal reasons as to why I have risen among the best writers on this platform. I deliver 100% original papers that pass all plagiarism check tests (Turnitin, Copyscape, etc.). My rates for all papers are relatively affordable to ensure my clients get quality essay writing services at reasonable prices.
4.50+
5+ Reviews
14+ Question Solved
Related Book For
Managerial Accounting
ISBN: 978-0078025518
2nd edition
Authors: Stacey Whitecotton, Robert Libby, Fred Phillips
Question Posted:
Students also viewed these Managerial Accounting questions
-
Why is it important for managers to evaluate internal controls?
-
Why is it important for managers to recognize the interdependence in the attraction, development, and retention of talented professionals?
-
Why is it important for managers to pay close attention to their organizations production system if they wish to be responsive to their customers?
-
Use a calculator to evaluate an ordinary annuity formula \[A=m\left[\frac{\left(1+\frac{r}{n}ight)^{n t}-1}{\frac{r}{n}}ight]\] for \(m, r\), and \(t\) (respectively) given in Problems 7-22. Assume...
-
Kleppel et al. (2004) report on a study of wetlands in upstate NewYork. Four wetlands were selected for the study: Two of the wetlands drain watersheds from small towns and the other two drain...
-
In gas welding, maximum temperature occurs at: (a) Inner cone (b) Outer cone (c) Next to the inner cone (d) Tip of the flame
-
The ratio of stroke to crank radius of an I.C. engine is (a) \(\frac{1}{2}\) (b) 1 (c) 2 (d) 4
-
Adams, Inc., acquires Clay Corporation on January 1, 2010, in exchange for $510,000 cash. Immediately after the acquisition, the two companies have the following account balances. Clays equipment...
-
Gomez Corp. reported the following items for the year ended December 3 1 . Item Dec 3 1 Purchased an investment in debt securities ( long - term ) for cash $ 8 4 , 0 0 0 Sold equipment for cash,...
-
Given a string, reduce it in such a way that all of its substrings are distinct. To do so, you may delete any characters at any index. What is the minimum number of deletions needed? Note: A...
-
Explain the difference between break-even analysis and target profit analysis.
-
Give an example of a company to which margin of safety is particularly important and explain why.
-
For the current year, Bearings Company decided to switch from the indirect method to the direct method for reporting cash flows from operating activities on the statement of cash flows. Will the...
-
Wexler Construction Company has contracted to build an office building. The construction is scheduled to begin on 3/1/22, and the estimated time of completion is 7/1/25. The building cost is...
-
A steam power plant that is planned to be built near river, has been proposed for an energy company with a designed power output around 10MW. As a team of engineer, design your steam power plant...
-
Abbey Co. sold merchandise to Gomez Co. on account, $30,300, terms 2/15, n/45. The cost of the goods sold was $15,985. Abbey Co. issued a credit memo for $3,600 for merchandise returned that...
-
ollowing are the issuances of stock transactions. A corporation issued 5 , 0 0 0 shares of $ 1 0 par value common stock for $ 6 0 , 0 0 0 cash. A corporation issued 2 , 5 0 0 shares of no - par...
-
You have a client who recognized a $3,364,110 gain in June 2023. This came from the sale of a building for $4,843,000. The building had a tax basis of $1,478,890. The client received a check for...
-
Trade debts receivable as at 1 January 2011 were 474,500. During the year ended 31 December 2011, sales and sales returns amounted to 728,400 and 11,500 respectively; while 752,200 was received from...
-
Find the equation of the plane passing through the points P 5,4,3 ,Q 4,3,1 and R 1,5,4
-
Describe the nature of the assets that compose the following section of a balance sheet. (a) Current assets, (b) Property, plant, and equipment.
-
There phases of the management process are controlling, planning, and decision making. Match the following descriptions to the proper phase. Phase of management process Description Controlling...
-
What is the difference between a current liability and a long-term liability?
-
1. Write a Java program that will prompt the user for a number and print out a square with those dimensions. For example, if the user enters 5, return the following: * * * ** ** * * * * * * * * * * *...
-
2. Vector multiplication or dot product is performed by multiplying corresponding elements and summing the products. It can be represented mathematically as oa; *bi where a and b are vectors of...
-
The following data was collected from an experiment testing the hypothesis: The density of cream whipped for 5 minutes increases at higher altitudes. What would be an acceptable interpretation of...
Study smarter with the SolutionInn App