Sonic Appliances had the following revenue over the past five years To predict revenues for 2018, Sonic

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Sonic Appliances had the following revenue over the past five years

To predict revenues for 2018, Sonic Appliances uses the average for the past five years. The company's breakeven revenue is $525,000 per year. What is Sonic Appliances's predicted margin of safety for 2018?

A. $1,000,000

B. $475,000

C. 525.000

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College Accounting A Contemporary Approach

ISBN: 978-0077639730

4th edition

Authors: David Haddock, John Price, Michael Farina

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Posted Date: Aug 02, 2019 10:26 AM

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Sonic Appliances had the following revenue over the past five years To predict revenues for 2018, Sonic

Question:

Data Table 2013 2014 2015 2016 2017 Print $ 800.000 900,000 1,100.000 1.000.000 1.200.000 Done - X Data Table 2013 2014 2015 2016 2017 Print $ 800.000 900,000 1,100.000 1.000.000 1.200.000 Done - X

Expert Answer:

The average revenue is 800000 900000 110... View the full answer

College Accounting A Contemporary Approach

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