That's a good approximation. It may help those who slept through geometry class just what MOA means and where the numbers come from.
MOA refers to minute of angle.
There are 360 degrees in a circle, 60 minutes in a degree and 60 seconds in a minute. The formula for the circumference of a circle is Pi x radius x 2 (Pi x Diameter).
A circle with a radius of 100 yards (distance to target) has a circumference of 628.319 yards, which equals 1884.956 feet or 22619.467 inches.
1 degree of angle at that distance => 22619.467 inches/360 degrees = 62.832 inches
1 minute of angle (MOA) at that distance => 62.832 incles/60 minutes = 1.0472 inches
MOA's are obviously linear, so 1 MOA @ 50 yds is half that size (.5236") and 1 MOA at 400 yds is 4X that size (4.1888").
Remember, knowledge is the greatest gift.
Merry Christmas!!