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If the targeted sales are 12 000 units. The sales price per unit is $70, fixed costs are $130 000 and variable costs are $40 per unit, then planned profit must be:
Claims Against Assets
refer to the rights or legal interests that creditors, and sometimes other parties, have in a company's assets.
Management Accountant
A professional who provides financial data and analysis to decision-makers within the organization for informed management.
Tax Planning
The process of analyzing financial situations from a tax perspective, with the aim to ensure tax efficiency and compliance.
Accounting Equation
A fundamental equation in accounting that represents the relationship between a company's assets, liabilities, and equity (Assets = Liabilities + Equity).
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