What is the margin of safety
Calloway Corp has a selling price of $15 per unit and variable costs of $10 per unit. When 14,000 units are sold, profits equaled $45,000. What is the margin of safety?
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There are 100,000 common shares outstanding. Show and explain all work. Prepare an income statement for Electro Wizard in good form and include earnings per share (EPS).
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