Solar Panel Battery Working Answer 1 ...
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Accounting
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| Solar Panel Battery | Working | Answer |
| 1 | Contribution Margin (CM) |
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| 2 | Break-even point (BEP) |
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| 3 | Sales units required for $7m profit |
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Table B-1
| Cost/Expense item | Amount ($) |
| Cost of goods sold | 4,700,000 |
| Sales Salaries expense | 750,000 |
| Office Salaries expense | 600,000 |
| Advertising expense | 850,000 |
| Office supplies expense | 528,000 |
| Rent expense | 980,000 |
| Insurance expense | 390,000 |
| Utilities expense | 490,000 |
| Depreciation expense | 282,000 |
| Interest expense | 380,000 |
| Tax expense | 450,000 |
| Total | 10,400,000 |
Table B-2
| Accounts | Amount ($) |
| Accounts receivable | 6,600,000 |
| Accounts payable | 6,700,000 |
| Bank | 950,000 |
| Capital | 15,000,000 |
| Dividends paid | 650,000 |
| Equipment | 13,500,000 |
| Fixtures | 3,500,000 |
| GST Collected | 1,600,000 |
| GST Paid | 450,000 |
| Inventory | 2,250,000 |
| Land and Buildings | 28,000,000 |
| Mortgage | 27,000,000 |
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