Question: 1. Financial information for the two balance sheet dates provided for the Modern Ltd., as: Year Sales P/V ratio (CM ratio) Margin of Safety (%

1. Financial information for the two balance sheet dates provided for

1. Financial information for the two balance sheet dates provided for the Modern Ltd., as: Year Sales P/V ratio (CM ratio) Margin of Safety (% of Total Sales) 2018 Rs 9,30,000 50% 40% 2019 ? 38% 22% Re-engineering process has resulted in considerable improvement in the fixed cost in 2019. Modern Ltd able of keep its sales level of 2018 in 2019 by decreasing the sales price. Calculate for 2019: 1. Sales in Rupees 2. Fixed cost in Rupees 3. Break-even sales in Rupees

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Financial information for the two balance sheet dates provided for the Modern Ltd.,as: Year Sales P/V ratio(CMratio) Margin ofSafety (% of Total Sales) 2018 Rs 9,30,000 50% 40% 2019 ? 38% 22%...

Mountain Sports Ltd. is a small, Lethbridge-based social enterprise dedicated to the advancement of outdoor fitness activities for children and adults. This retail store operation is an Alberta...

1. For the most recent reporting period, J&J's largest resource of cash was from: a. Investing activities b. operating activites c. financing activites 2. J&J increased which account when it...

Auditing and assurance services questions are in attachment. Auditing and Assurance Services - Questions: ! Question 1 (20 marks) ! As the audit senior for the First Hardware Ltd.'s (First Hardware)...

a. $4,946. b. $223,546. c. $394,328. d. $170,782. QUESTION 19 1. Assuming rising prices, Apple's inventory method results in less net income than if LIFO was used. Thue False QUESTION 20 1. Calculate...

Financial Statement Analysis The Statement: The Questions: CONSOLIDATED BALANCE SHEETS MAY 31, 2020 2019 $ 8,348 5 439 2,749 7,367 1,653 20,556 4,866 3,097 274 223 2.326 31,342 $ 4,466 197 4,272...

ZHIAO-WAYInc. Balance Sheet As of December 31,2016 Assets Cash and equivalents295,500 Accounts receivable875,000 Inventory437,500 Total Current Assets 1,608,000 Plant and equipment475,000 Accumulated...

A comprehensive capital budgeting project is due the last week. Instructions : This project requires you to apply the concepts and methods learned in the course. This is an individual project. You...

1. Calculate the cost of each capital component, after-tax cost of debt, cost of preferred, and cost of equity with the DCF method and CAPM method. 2. What do you estimate the company?s WACC? Please...

To what extent has the recognition of racial and gender divisions produced meaningful political change?

We looked at the various costing systems such as job costing, process costing, and activity-based costing. If a company was considering using one of these systems, what things should they consider?...

Because an ownership position in a small business is less liquid than the stock of a large corporation, it is common to add a _ _ _ _ _ _ _ _ when estimating the cost of equity for a small business.

Earned Revenues on account of $100,000. Terms of 5/10, net 20. The cost of these revenues was $65,000 and will be paid later in the month. (These costs are not related to selling inventory but rather...

How might the professional standards of your professional association impact on the research project you are planning to undertake?

If you are undertaking your research in an organisation then does it have any ethical policies or procedures you must adhere to?

What are the ethical scrutiny requirements of your centre?