Answer:
The answer is: Income statement
Explanation:
As she wants to get information on sales and costs, the Income statement is the statement that she should looking for. With the Balance sheet statement, it only shows information on the financial position reporting the firm's assets, liabilities and owner's equity at a specific point in time rather than the sales and costs firgures during the reporting period.
Furthermore, she should opt for Income statement rather than the common-size income statement because the common-size income statement hardly illustrates any trend during the recent years/ reporting periods, instead, it is only shown each revenue and cost items as percentage of total sales in a specific period.
In the income statement, there should be enough information for the new CFO to find trends on revenues and costs (if any) because the revenue and cost items is detailed enough and at least it should be given the comparision between sales & costs of the reporting period versus the firgures of the previous reporting period.
Answer:
hi here is ur answer
Explanation:
Budgeting is the process of creating a plan to spend your money. This spending plan is called a budget. Creating this spending plan allows you to determine in advance whether you will have enough money to do the things you need to do or would like to do. Budgeting is simply balancing your expenses with your income
------------Hope it helps--------------
Answer:
9,600 units
$316,800
Explanation:
The computation of break-even point is shown below:-
Contribution per unit = Selling price per unit - Variable price per unit
= $33 - $13
= $20
Break-even in units = Fixed cost ÷ Contribution per unit
= $192,000 ÷ $20
= 9,600 units
Break even sales in dollars = Break-even in units × selling price per unit
= $9,600 × $33
= $316,800
So, for computing the break even in units and dollars we simply applied the above formula.
