EA5. Maple Enterprises sells a single product with a selling price of $75 and variable costs per unit of $30. The company's monthly fixed expenses are $22,500. What is the company's break-even point in units? B. What is the company's break-even point in dollars? С. А. C. Construct a contribution margin income statement for the month of September when they will sel 900 units. D. How many units will Maple need to sell in order to reach a target profit of $45,000? E. What dollar sales will Maple need in order to reach a target profit of $45,000? F. Construct a contribution margin income statement for Maple that reflects $150,000 in sales volume. Е.

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Functions of Financial Institutions

Financial institutions are businesses that are formed to deal with financial and monetary transactions. These organizations primarily accept deposits, advance loans, make investments, and provide foreign exchange services. Financial institutions include, but are not limited to, banks, insurance companies, trust companies, brokerage firms, and investment bankers. Because financial institutions play such an important role in the economy in terms of monetary transactions, regulating their activities has become a requirement for governmental authorities. As a result, the government creates a multitude of laws and regulations to oversee the activities of financial institutions.