Unable to meet demand for its products, Em Bagus Enterprise invested in new equipment for...
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Accounting
Unable to meet demand for its products, Em Bagus Enterprise invested in new equipment for 2023. Below are the budgeted figures under the production facilities expansion:
RM
RM
Sales
2,400,000
Less: Variable expenses
720,000
Fixed expenses
1,400,000
Net profit
280,000
Required:
ii. Determine the sales required if the business is to make a net profit
that gives a return of 30% on sales.
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