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Company X manufactures and sells a single product. The following data is availab...
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Company X manufactures and sells a single product. The following data is available for Year 1:
- Total revenue: $5000000
- Cost of merchandise: 25% of revenue
- Sales commissions: 5% of revenue
- Marketing variable expenses: 10% of revenue
- Annual fixed selling expenses $762836
- Annual fixed administrative expenses $1804539
The company’s margin of safety in terms of revenues is:
0%
0%
0%
0%
0%