Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Assume a business had sales of $300,000, fixed costs of $75,000, a margin of safety of 58.33%, and a contribution margin ratio of 60%. What
Assume a business had sales of $300,000, fixed costs of $75,000, a margin of safety of 58.33%, and a contribution margin ratio of 60%. What was the break-even point?
a. $70,000
b. $100,000
c. $180,000
d. $125,000
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started