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

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

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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