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Swem Corporation makes a product that sells for $110 per unit.The product's current sales are 17,700 units and its break-even sales are 14,337 units.
Required:
Compute the margin of safety in both dollars and as a percentage of sales.
Demand Determined
implies that the quantity and price of goods and services are decided by the consumers' demand or preferences in the market.
Equilibrium Price
The price at which the quantity of goods supplied is equal to the quantity of goods demanded.
Elastic
A characteristic of goods or services with demand that is significantly responsive to changes in price.
Value Of Land
The worth of a piece of land determined by its characteristics, location, and potential uses.
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