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A company has fixed cost of Rs. 90,000, Sales $ 3,00,000 and Profit of $60,000.
Required:
(i) Sales volume if in the next period, the company suffered a loss of $30,000.
(ii) What is the margin of safety for a profit of $90,000?
Prepare a statement of cash flows. Include proper heading for the financial statement, and categorize the given information into the categories of operating, investing and financial activities.
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At the end of Cortez Department Store's fiscal year on November 30, 2012, these accounts appeared in its adjusted trial balance.
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Determine the amounts of revenue or expense associated with each of the following cash flows- cash received from customers was $8.5 million; accounts receivable increased by $1.6 million.
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