Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Rahul has an amount of N 300,000 which is invested in a business. He desires 15% return on his fund. It is known from the

Rahul has an amount of N 300,000 which is invested in a business. He desires 15% return on his fund. It is known from the past cost data analysis that fixed costs are N 150,000 per annum and variable costs of operation are 60% of sales. Determine sales volume to get 15% return. Also tell shut down point of the business, if he would spend N 50,000 even if business must be closed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing Cases An Interactive Learning Approach

Authors: Mark S Beasley, Frank A. Buckless, Steven M. Glover, Douglas F Prawitt

7th Edition

0134421825, 9780134421827

More Books

Students also viewed these Accounting questions

Question

Understand the goals of succession planning

Answered: 1 week ago