Artisan Works is owned and operated by a craftsman who makes replicas of historic firearms for museums,sportsmen,and collectors.The data are as follows:
If Artisan expects to sell 60 units per month,what is his margin of safety expressed in units per month?
Definitions:
Discretionary Income
The amount of an individual's income left for spending, investing, or saving after all taxes and necessities have been paid.
Luxury Items
High-end products or services that are not essential but are desired for their quality, status, and aesthetic appeal, often associated with a higher price.
Voyage
A long journey involving travel, especially by sea or in space.
Applied Science
A discipline that applies existing scientific knowledge to develop more practical applications, including technology or inventions, within fields such as engineering and medicine.
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