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Problem 1: The following information has been taken from the accounting records of Ahmed and Company in first and second period. Q Period 2019 2020 Calculate: Sales 100,000 150,000 $ 10 $ Profit $15,000 25,000 1) Profit volume ratio 2) Fixed cost for two periods 3) Variable cost of two periods. 4) Break Even Point in dollars sales 5) Sales required to earn a profit of $25,000 6) Profit when sales are $200,000 619

Problem 1: The following information has been taken from the accounting records of Ahmed and Company in first and second period. Q Period 2019 2020 Calculate: Sales 100,000 150,000 $ 10 $ Profit $15,000 25,000 1) Profit volume ratio 2) Fixed cost for two periods 3) Variable cost of two periods. 4) Break Even Point in dollars sales 5) Sales required to earn a profit of $25,000 6) Profit when sales are $200,000 619

FINANCIAL ACCOUNTING
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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Problem 1: The following information has been taken from the accounting records of Ahmed and Company in first and second period. C Period 2019 2020 Calculate: Sales $ 100,000 150,000 $1 Profit $15,000 25,000 1) Profit volume ratio 2) Fixed cost for two periods 3) Variable cost of two periods. 4) Break Even Point in dollars sales 5) Sales required to earn a profit of $25,000 6) Profit when sales are $200,000 619
Transcribed Image Text:Problem 1: The following information has been taken from the accounting records of Ahmed and Company in first and second period. C Period 2019 2020 Calculate: Sales $ 100,000 150,000 $1 Profit $15,000 25,000 1) Profit volume ratio 2) Fixed cost for two periods 3) Variable cost of two periods. 4) Break Even Point in dollars sales 5) Sales required to earn a profit of $25,000 6) Profit when sales are $200,000 619
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