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Question Three (a) Angel and company is engaged in providing and marketing a standard clearing services. The summarized result for the past two months,

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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)

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