Question
From the following information calculate the amount of
sales to earn a desired profit of Rs.6,000 Fixed Cost: 12,000 Selling Price: 12 per unit Variable cost: 9 per unitSolution
Sales in value to cover fixed cost and desired profit: Units * SPPU =6000*12 =72,000 Calculation of sales units to cover fixed cost and desired profit: FC + Desired Profit /Contribution per unit (12000+6000)/3 = 6000 Units Calculation of Contribution per unit: SPPU-VC =12-6 =3 Alternatively, Calculate PV ratio first: CPU/SPPU*100 =3/12*100 =25% Sales to cover fixed cost and desired profit: FC + Desired Profit/PV ratio = (12000+6000)/25% = 72000
Opening Stock ₹ 17,000
Purchases ₹ 61,400
Direct Expenses �...
Which of the following is not a taxable income under the head “Income from Other Sources”?
When a bank’s assets and liabilities are not aligned in terms of maturity profiles, it primarily exposes the bank to which type of risk?
If an asset’s recoverable amount is less than its carrying amount, what is the correct treatment under Ind AS 36?
The delivery of goods by one person to another as a security for the payment of a debt is called__________.
A company enters into a contract to construct a specialized asset over 4 years. At the end of Year 2, total costs incurred are ₹60 lakh, estimated tot...
What is the standard TDS rate applicable to interest on securities as per Section 193 of the Income Tax Act, 1961?
Under the Written Down Value (WDV) method, depreciation is:
The DuPont Analysis uses the following ratios except:
Within how many days a person should apply for registration?