Selling price to guarantee breaking even
If a manufacturer has fixed costs of $ 400 , a cost per item for production of $ 30 , and expects to sell at least 100 items, how should he set the selling price to guarantee breaking even?
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Identify the beginning and ending balances in the Cash and Common stock accounts. Explain why the beginning and ending balances in the Cash account are different, but the beginning and ending balances in the common stock account remain the same.
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