Question
A factory produces a product with selling price ₹500,
variable cost ₹300 and fixed cost ₹9,00,000. Due to market conditions, price is reduced by 10%. What is the revised breakeven sales (in units)?Solution
New price = ₹500 – 10% = ₹450 Contribution = ₹450 – ₹300 = ₹150 BEP = Fixed Cost / Contribution = ₹9,00,000 / ₹150 = 6,000 units
The concept that requires a business to use the same accounting methods and policies from one period to the next is called:
The liability of a sole proprietor is:
A provision for onerous contract is:
According to GST Laws, from 1 August 2023, the e-invoicing is mandatory for businesses with annual aggregate turnover of over _______ in any previous fi...
The Miller-Orr Model is used to manage:
What is the taxable event under GST?
A company has an actual sales of ₹25 crore vs. a budget of ₹30 crore. Costs were below budget by ₹2 crore. What does this imply?
According to section 11 of the Indian Contract Act agreement with a minor is:
Which Ind AS deals with Revenue from Contracts with Customers?
If an employee does not make an intimation to their employer about their selection regarding the tax regime, the employer will: