Business, 25.03.2021 09:30 kimberly0367
A company has annual fixed costs of birr 14,000. In 1996 sales amounted to birr
60,000 as compared with birr 45,000 in 1995 and profit in 1996 was birr 4,200 higher
than in 1995.
i. At what level of sales does the company breakeven?
ii. Determine profit or loss on a forecast sales volume of birr 80,000
iii. If there is a reduction in selling price in 1997 by 10% and the company
desires to earn the same profit as in 1996, what would be required sales
volume?
Answers: 2
Business, 22.06.2019 14:40
Which of the following would classify as a general education requirement
Answers: 1
Business, 22.06.2019 15:30
Calculate the required rate of return for climax inc., assuming that (1) investors expect a 4.0% rate of inflation in the future, (2) the real risk-free rate is 3.0%, (3) the market risk premium is 5.0%, (4) the firm has a beta of 2.30, and (5) its realized rate of return has averaged 15.0% over the last 5 years. do not round your intermediate calculations.
Answers: 3
Business, 22.06.2019 15:40
The cost of direct labor used in production is recorded as a? a. credit to work-in-process inventory account. b. credit to wages payable. c. credit to manufacturing overhead account. d. credit to wages expense.
Answers: 2
A company has annual fixed costs of birr 14,000. In 1996 sales amounted to birr
60,000 as compared...
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