Finance CVP Analysis - service revenue by ClassOf1

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									              Sub: Finance                                                                                       Topic: CVP Analysis

              Question:
              Computation of Break even volume of service revenue

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              Aqua Systems Engineering provides consulting services to city water authorities. A recent
              income statement revealed variable costs of $740.000 on a sales level of $1,000,000. Annual
              fixed expenses are $200,000, and the firm’s income tax rate is 35 percent.

              Required

              a. Calculate the firm
								
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