Sotatsu Electronics (SE) Sotatsu Electronies (SE) manufactures electronic products and is famous for its innovative televisions. In late 2015, SE introduced a new high-definition television with twice the quality of the best-selling television of its chicf competitor. Determining that it would be two years before its competitors could have a similar product, SE adopted a price skimming stratery. Table 1: Select financial information for SE for 2020 and 2021. (a) Define the terms: (1) Fixed cost/ Variable cost (2) Direct cost/Indirect cost (b) Calculate the values of X and Y in Table 1 (no working required). (c) Construct a profit and loss account for SE for 2020 and 2021. 2uestion 2 Wavin'Surfboards (WS) Due to the high quality and popularity of the surfboards, sales continued to increase. Brent's accountant believes that the company will need a new larger building in two years. The span of control within the company is currently wide, and increasing the number of units (surfboards) produced would require employing more managers. For Brent, this would mean spending more time supervising managers and less time producing and promoting surfboards. (a) (2) Internal sources of finance with exampies (3) External sources of finance with examples [2] (b) Prepare a fully labelled break-even chart for WS at its current actual sales of 2400 units [6] Question 3 Balance sheet Use this template to fill in the corresponding amounts for cach category. The cmpty rows are for the totals of each category. |6)