Problem 1: The following information has been taken from the accounting records of Ahmed and Company in first and second period. Period 2019 2020 Calculate: Sales $ 100,000 150,000 Profit $15,000 25,000 1) Profit volume ratio 2) Fixed cost for two periods 3) Variable cost of two periods.

Problem 1: The following information has been taken from the accounting records of Ahmed and Company in first and second period. Period 2019 2020 Calculate: Sales $ 100,000 150,000 Profit $15,000 25,000 1) Profit volume ratio 2) Fixed cost for two periods 3) Variable cost of two periods.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

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Question

Problem 1:
The following information has been taken from the accounting records of
Ahmed and Company in first and second period.
Period
2019
2020
Calculate:
Sales
$ 100,000
150,000
Profit
$15,000
25,000
1) Profit volume ratio
2) Fixed cost for two periods
3) Variable cost of two periods.

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