Problem 4 Imagine that you own a restaurant named Ibra Fast Food. Prepare an imaginary...
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Accounting
Problem 4 Imagine that you own a restaurant named Ibra Fast Food. Prepare an imaginary list of examples of the following: a. Revenues (1) b. Fixed Costs per (at list 3 examples) c. Variable Costs (at list 3 examples) d. Number of units Once these costs have been determined, find the following; The Total Cost Equation The Total Profit The CM The CM Ratio The Break-Even Point in Sales / Dollars The Break-Even Point in Units The Margin of Safety in Sales / Dollars The Margin of Safety in Units
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