Solar Panel Battery	Working	Answer
1	Contribution Margin (CM)
2	Break-even point (BEP)
3	Sales units required for $7m profit

Particulars	Amount ($)	Amount ($)
Sales		16,000,000.00
Cost of Goods Sold	4,700,000.00	4,700,000.00
Gross Profit		11,300,000.00
Operating Expenses:-
Sales Salaries expense	750,000.00
Office Salaries expense	600,000.00
Advertising expense	850,000.00
Office supplies expense	528,000.00
Rent expense	980,000.00
Insurance expense	390,000.00
Utilities expense	490,000.00
Depreciation expense	282,000.00	4,870,000.00
Operating Profit/EBIT		6,430,000.00
Interest Expense	380,000.00	380,000.00
Profit Before Tax		6,050,000.00
Tax Expenses	450,000.00	450,000.00
Net Profit		5,600,000.00

Particulars	Amount ($)	Amount ($)
Current assets
Accounts receivables	6600000
Inventory	2250000
Bank	950000
Total current assets		9800000
Non current assets
Equipment	13500000
Fixtures	3500000
Land and building	28000000
Total Non current assets		45000000
Total assets		54800000
Current liabilities
Accounts payable	6700000
GST liability	1150000
Total current liabilities		7850000
Non current liabilities
Mortgage		27000000
Total liabilities		34850000
Net assets		19950000
Equity
Capital		15000000
Retained earning (balancing figure)		4950000