Koelsch Corporation's Only Product Sells for $170 Per Unit

question 82

Essay

Koelsch Corporation's only product sells for $170 per unit. Its current sales are 43,600 units and its break-even sales are 39,240 units.
Required:
Compute the margin of safety in both dollars and as a percentage of sales.

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Definitions:

Diagonal Row

A series of elements positioned diagonally in a matrix or table, connecting one corner with the opposite corner.

Pearson's Product-moment Correlation Coefficient

A measure of the linear correlation between two variables X and Y, providing a value between +1 and -1 inclusive.

Frequency Distribution

A method for illustrating how often scores occur in groups called class intervals.

Frequency Polygon

A graphical representation of a frequency distribution that uses a continuous line to show the number of values that fall within a class interval.