The following information has been taken from the accounting records of Ahmed and Company in first and second period. Period Sales Profit 2019 $ 100,000 $15,000 2020 150,000 25,000 Calculate: 4) Break Even Point in dollars sales 5) Sales required to earn a profit of $25,000 6) Profit when sales are $200,000
The following information has been taken from the accounting records of Ahmed and Company in first and second period. Period Sales Profit 2019 $ 100,000 $15,000 2020 150,000 25,000 Calculate: 4) Break Even Point in dollars sales 5) Sales required to earn a profit of $25,000 6) Profit when sales are $200,000
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter5: Sales And Receivables
Section: Chapter Questions
Problem 76E: Ratio Analysis The following information was taken from Nash Inc.s trial balances as of December 31,...
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Q3) A. The following information has been taken from the accounting records of Ahmed and Company in first and second period.
Period |
Sales |
Profit |
2019 |
$ 100,000 |
$15,000 |
2020 |
150,000 |
25,000 |
Calculate:
4) Break Even Point in dollars sales
5) Sales required to earn a profit of $25,000
6) Profit when sales are $200,000
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