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Problem 2. Billy Company determines its sales price and costs structure as follows: Unit sales price Unit variable cost Total fixed cost How much is sales if profit is expressed as: e. Profit before tax of P400,000 f. Profit after tax of P480,000, tax rate is 40% g. Profit is 20% of sales, before tax P 400 240 800,000

Problem 2. Billy Company determines its sales price and costs structure as follows: Unit sales price Unit variable cost Total fixed cost How much is sales if profit is expressed as: e. Profit before tax of P400,000 f. Profit after tax of P480,000, tax rate is 40% g. Profit is 20% of sales, before tax P 400 240 800,000

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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Kindly, answer e to k.
Problem 2. Billy Company determines its sales price and costs structure as follows: P 400 Unit sales price Unit variable cost 240 Total fixed cost 800,000 How much is sales if profit is expressed as: e. Profit before tax of P400,000 f. Profit after tax of P480,000, tax rate is 40% g. Profit is 20% of sales, before tax h. Profit is P25 per unit, before tax i. Profit is 20% of sales, after tax of 40% j. Profit is 20% of CMR, before tax k. Profit is 20% of CMR, after tax
Transcribed Image Text:Problem 2. Billy Company determines its sales price and costs structure as follows: P 400 Unit sales price Unit variable cost 240 Total fixed cost 800,000 How much is sales if profit is expressed as: e. Profit before tax of P400,000 f. Profit after tax of P480,000, tax rate is 40% g. Profit is 20% of sales, before tax h. Profit is P25 per unit, before tax i. Profit is 20% of sales, after tax of 40% j. Profit is 20% of CMR, before tax k. Profit is 20% of CMR, after tax
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