Responsibilities of the accountants of arthur anderson

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1. What were the responsibilities of the accountants of Arthur Anderson? To whom did they owe these responsibilities?

2. Senbet Ventures is considering starting a new company to produce stereos.The sales price would be set at 1.5 times the variable cost per unit; the VC/unit is estimated to be $2.50; and fixed costs are estimated at $120,000.What sales volume would be required in order to break even, i.e., to have an EBIT of zero for the stereo business?

Please show all calculations, step by step.

Reference no: EM131868290

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