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Question - Company A acquired 100% of Company B on January 1, 2012, at a premium to book value and wants to prepare consolidated balance sheet for the combined entity as of December 31, 2013, using the information below.
Company A ($)
Company B ($)
Retained Earnings (Jan 1)
200,000
50,000
Net Income during 2013
80,000
20,000
Retained Earnings (Dec 31)
280,000
70,000
How much of Company A's retained earnings are the result of its own operations.
Sales (20,000 units) 300,000 Variable Expenses 175,000 Contribution Margin 125,000 Fixed Expenses 75,000 Net Income 50,000 What is the break-even point in sales dollars? What is the break-even point in units if the company wants a profit of $100,000?
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