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Question - The following data relates to next year's budget of Miranda Ltd, which produces and sells a single product.
Sales Revenue at break-even 6,000,000
Fixed Costs 1,800,000
Variable cost per unit, total fixed costs and selling price per unit are constant at all levels of production and sales. What is the level of sales revenue required next year for Miranda Ltd to make a profit of £600,000?
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Motorbike, purchased with cash of P600,000 received as gift from the mother during the year - 500,000. How much is the vanishing deduction on the motorbike
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