The DesMaris Company had the following income statement for the month of November 2014: 
What is the sales volume required to earn an operating profit of $9,000?
Definitions:
Capitalize
The accounting practice of recording a cost or expense on the balance sheet for the purposes of delaying full recognition of the expense over time through depreciation or amortization.
Equity Securities
Financial instruments that represent ownership interest in a company, such as stocks.
Debt Securities
Financial instruments representing money borrowed that must be repaid, such as bonds, bills, or notes.
Model Business Corporation Act
A model set of laws prepared by legal experts to guide states in the development of their corporate statutes.
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