Multiple Choice
Use the information below to answer the following questions.
The accountant from Trigg Traders examined the following report:
Income statement (extract) for year ended 31 December 2016 The accountant of Trigg Traders estimated that the quantity of sales would double in 2017 and the unit cost would increase to
$25.
-Refer to the table above. If the unit cost for 2016 had increased to $30, how many units would have needed to be sold in 2016 to generate a gross profit of $150,000?
A) 7,000 units
B) 7,500 units
C) 8,000 units
D) 6,500 units
Correct Answer:

Verified
Correct Answer:
Verified
Q3: Projected financial statements can assist management with
Q4: Sales are $150,000 p.a., cost of sales
Q5: The report that provides an estimate of
Q6: Sales are $150,000 p.a., cost of sales
Q7: Projected operating profit after tax, plus projected
Q9: Use the information below to answer the
Q10: In preparing a set of budgets using
Q11: Preparation of projected financial statements:<br>A) aids investment
Q12: Use the information below to answer the
Q13: Use the information below to answer the