1. Define what is the margin of safety, and how can it be used to...
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Accounting
1. Define what is the margin of safety, and how can it be used to help an organization reduce sales prices without incurring operating losses.
2. How can a company use the High-Low Method to help estimate cost and thus set pricing for new customers? In your answer, describe the High-low method and then proceed to answer how it can be used to estimate cost and determine pricing for new or existing customers.
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