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At a break-even point of 400 units sold, variable expenses were $4,000 and fixed expenses were $2,000. What will the 401st unit sold contribute to profit?
$0
$5
$10
$15
Cannot be determined from information provided.
An analyst who compares the debt ratios of firms under U.S. GAAP and IFRS. In general, which system would most likely yield lower debt and higher equity? Explain.
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