Concord, Inc. manufactures cosmetic products that are sold through a network of sales agents. The agents are paid a commission of

$12\mathrm{.}5\%$ of sales. The income statement for the year ending December $31,2022,$ is as follows $($all amounts are in $$000$s$)$:

CONCORD, INC.

Income Statement

Year Ending December $31,2022$

Sales

$$148,200$

Cost of goods sold

Selling and marketing expenses

The compary is considering hiring its own sales staff to replace the network of agents. It will pay its salespeople a commission of $10\%$

and will incur additional fixed costs of $$13$ million per year.

$($a$)$

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Under the current policy of using a network of sales agents, calculate Concord, Inc.$\text{'}$s break$-$even point in sales dollars for the year

$($Round contributian margin ratio to $2$ decimal places, eg$.52\mathrm{.}11\%.$ Round final answer to $0$ decimal places, e$.$g$.1\mathrm{.}525.)$

Break$-$even point $

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$($b$)$

Calculate the company's break$-$even point in sales dollars for the year $2022$ if it hires its own sales force to replace the network of

agents. $($Round contribution margin ratio to $2$ decimal ploces, e$.$g$.52\mathrm{.}11\%.$ Round answer to $0$ decimal places, e$.$g$.1\mathrm{.}525.)$

Break$-$even point

$

eTextbook and Media Concord, Inc. manufactures cosmetic products that are sold through a network of sales agents. The agents are paid a commission of

$12\mathrm{.}5\%$ of sales. The income statement for the year ending December $31,2022,$ is as follows $($all amounts are in $$000$ s$)$:

CONCORD, INC.

Income Statement

Year Ending December $31,2022$

Sales

$$148,200$

Cost of goods sold

Selling and marketing expenses

The company is considering hiring its own sales staff to replace the network of agents. It will pay its salespeople a commission of $10\%$

and will incur additional fixed costs of $$13$ million per year.

$($a$)$

Under the current policy of using a network of sales agents, calculate Concord, Inc.$\text{'}$s break$-$even point in sales dollars for the year

$($Round contribution margin ratio to $2$ decimal places, e$.$g$.52\mathrm{.}11\%.$ Round final answer to $0$ decimal places, e$.$g$.1,525.)$

Break$-$even point $

eTextbook and Media

Attempts: $0$ of $1$ used

$($b$)$

calculate the company's break$-$even point in sales dollars for the year $2022$ if it hires its own sales force to replace the network of agents