RedTail Mfg Has the Following Data: If RedTail Has Actual

question 57

Multiple Choice

RedTail Mfg has the following data: If RedTail has actual monthly sales of $1,500,000 and desires an operating profit of $50,000 per month,what is the margin of safety?

• A)$100,000
• B)$266,667
• C)$50,000
• D)$1,130,000

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Definitions:

E-Signature Act

Legislation that gives electronic signatures the same legal standing as traditional handwritten signatures in contractual and legal documents.

National Commerce Act

Legislation that regulates online or electronic merchant transactions and electronic signatures.

Seller's Remedies

The legal actions and compensations available to a seller when a buyer breaches a contract, including damages and the right to withhold goods.

Sales Contract

A contract for the sale of goods, as opposed to a contract for the sale of services, real property, or intangible property. Sales contracts are governed by Article 2 of the Uniform Commercial Code.