Managers can use margin of safety to assess the to the company when there is a possibility of 1. a change in target sales. 2. a large decrease in sales. 3. higher than expected operating income. Making this assessment helps managers:1. accurately calculate a product's contribution margin. 2. choose a realistic target profit.3. make informed decisions.

Agood for which demand increases as income rises is and a good for which demand increases as income falls is

Actual usage for the year by the marketing department was 70,000 copies and by the operations department was 330,000 copies. if a dual-rate cost-allocation method is used, what amount of copying facility costs will be budgeted for the operations department?

Tri fecta, a partnership, had revenues of $369,000 in its first year of operations. the partnership has not collected on $45,000 of its sales and still owes $39,500 on $155,000 of merchandise it purchased. there was no inventory on hand at the end of the year. the partnership paid $27,000 in salaries. the partners invested $48,000 in the business and $23,000 was borrowed on a five-year note. the partnership paid $2,070 in interest that was the amount owed for the year and paid $9,500 for a two-year insurance policy on the first day of business. compute net income for the first year for tri fecta.