Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Question Three (a) Angel and company is engaged in providing and marketing a standard clearing services. The summarized result for the past two months,
Question Three (a) Angel and company is engaged in providing and marketing a standard clearing services. The summarized result for the past two months, recall the following: October November Sales (units of service), Sales 200,000 300,000 5,000,000 7,500,000 Scanned with CamScanner There was no price change any description during these two months. Required: If 'y = a + bx' represents the total revenue function, Determine the value of 'a', 'b' and 'x' at break-even point. (9 marks) (b) Discuss how CVP - Analysis can assist can assist the management to make short-term decisions. (6 marks)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started