Mickeys Restaurant had a net income last year of $40,000 after fixed costs of $130,000 and total
Question:
a. What was the restaurant’s break-even point in sales dollars?
b. If fixed costs in the current year rise to $140,000 and variable costs remain at the same percentage of sales as for last year, what will be the break-even point?
c. What sales in the current year will result in a profit of $50,000?
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Given For the last year NI 40000 FC 130000year total variable costs 80000 Therefore TR ...View the full answer
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