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Gould Enterprises sells computer disks for $1.50 per disk. Unit variable expenses total $0.90. The breakeven point in units is 3,000 and budgeted sales in units are 4,300. What is the margin of safety in dollars?
Land
Land is considered a fixed asset or real property, not depreciable under accounting rules, used by businesses for operations or investment.
Cash Inflow
Money received by a business from various sources including sales, investments, financing, and more.
Indirect Method
A method of preparing a statement of cash flows in which net income is adjusted for items that do not affect cash, to determine net cash provided by operating activities.
Accounts Receivable
Amounts owed to a business by its customers for goods or services that have been delivered or used but not yet paid for.
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