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

Table B-1

Cost/Expense item	Amount ($)
Cost of goods sold	4,700,000
Sales Salaries expense	750,000
Office Salaries expense	600,000
Advertising expense	850,000
Office supplies expense	528,000
Rent expense	980,000
Insurance expense	390,000
Utilities expense	490,000
Depreciation expense	282,000
Interest expense	380,000
Tax expense	450,000
Total	10,400,000

Table A-2

Accounts	Amount ($)
Accounts receivable	4,600,000
Accounts payable	5,200,000
Bank	950,000
Capital	15,000,000
Dividends paid	650,000
Equipment	12,000,000
Fixtures	2,500,000
GST Collected	800,000
GST Paid	350,000
Inventory	1,950,000
Land and Buildings	28,000,000
Mortgage	27,000,000