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1. What were the responsibilities of the accountants of Arthur Anderson? To whom did they owe these responsibilities?

2. Senbet Ventures is considering starting a new company to produce stereos.The sales price would be set at 1.5 times the variable cost per unit; the VC/unit is estimated to be $2.50; and fixed costs are estimated at $120,000.What sales volume would be required in order to break even, i.e., to have an EBIT of zero for the stereo business?

Please show all calculations, step by step.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92696643

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