>Question 3: Sohar Company's financial information is given in the table below.Sales (OMR) Fixed Costs90000120000YearVariable Costs40500020192020225000450000240000Calculate:c) Sales required to earn a profit of OMR 40000.d) Margin of safety at a profit of OMR 50000e) Profit when sales are OMR. 200000.面

The contribution is determined by subtracting the variable cost from the sales. And then profit is…

Answered: Question 3: Sohar Company's financial…

Question 3: Sohar Company's financial information is given in the table below. Sales (OMR) Fixed Costs 405000 450000 Variable Costs 225000 240000 Year 2019 2020 90000 120000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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Pricing is used as a term in finance and economics, pricing is the process of fixing a value for a product or a service. Pricing establishes a value for a product or service that the customer has to pay. A business can choose from different strategies while deciding to set prices.

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