1.At the year end, the total assets of a business were 189,000 and the total liabilities were 126,000. During the year, the owner withdrew 10,000 and introduced a further 18,000 in equity. The business began the year with total assets 180,000 and total liabilities of 112,000.

What is the profit (loss) for the year?

2.A company that produces a single product provides the following information: budgeted sales of 40,000 units, margin of safety 25% of budgeted sales, total fixed costs 240,000. What is the contribution per unit of the companys product?

3.A business makes 2,000 units of a particular product. It spent 24,000 on material and it paid its operatives 40,000. Fixed costs of running the factory were 50,000. The salesforce were also paid 18,000 and the head office costs were 100,000. In order to break even the selling price per unit will have to be

The above questions should be answered in word document.work notes and detailed explanation should be provided.The reference material that was used to solve the questions should be provided.