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Problem 1: What is the break even point for this company using the formula below?
Note:
Break-even point is the number of units sold at which total revenue is equal to total cost (i.e., zero profitability).
Formula:
Break-even point (units) = fixed cost / average unit price - unit variable cost
Break-even point ($) = break-even point (units) × average unit price
Company:
Annual Filing Form 20-F
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