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As per the accounting what do you mean by Fixed Assets?
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Answer Posted / greatangelina
A long-term, tangible asset held for business use and not
expected to be converted to cash in the current or upcoming
fiscal year, such as manufacturing equipment, real estate,
and furniture. also called plant.
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3. You are required to show the effect of each of the following changes on profit and Break-Even-Volume from the information given below: Sales 50,000 units Rs. 5.00 per unit Variable cost Rs. 3.00 per unit Fixed cost Rs. 70,000 Changes: (i) Price changes by 20%. (ii) Volume decreases to 40,000 units. (iii) Variable cost increases to Rs 3.50 per unit. (iv) Fixed cost decreases by 10%.
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