Basic Corp. produces and sells a single product. The seling price is P25 and the variable costs is P15 per unit. The corporation's fixed costs is P100.000 per month. Average monthlv sales is 11.000 units. 5. If the corporation pays corporate income tax at a rate of 30 % and it wants to earn after tax profit of P21,000, it must generate sales of (answer in units) 6. How much sales (in pesos) must be generated to earn profit that is 8% of such sales. 7. How many units must be sold to earn profit of P2.00 per unit?

Basic Corp. produces and sells a single product. The seling price is P25 and the variable costs is P15 per unit. The corporation's fixed costs is P100.000 per month. Average monthlv sales is 11.000 units. 5. If the corporation pays corporate income tax at a rate of 30 % and it wants to earn after tax profit of P21,000, it must generate sales of (answer in units) 6. How much sales (in pesos) must be generated to earn profit that is 8% of such sales. 7. How many units must be sold to earn profit of P2.00 per unit?

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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