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Preparing for an exam
Can some one help me solve this problem please.
Information provided: Egret Corp is a wholesaler that sells a single product and maintains a stable cost structure. Management has provided the following data for two months May June Sales Revenue $577,500 $1,155,000 Gross Margin $364,700 $ 854,700 Net Operating income(loss)$(39,000) $ 422,700 Selling price per unit $ 165 $ 165 Suppose the price remains the same. The best estimate of the margin of safety in July at the sales volume below is: Sales volume in July: 6,500 units |
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