Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Denis Louis & Evelyn Donut Shop sells a box of donut with a contribution margin of 65.5%. Its fixed costs are $150,000 per year. How

Denis Louis & Evelyn Donut Shop sells a box of donut with a contribution margin of 65.5%. Its fixed costs are $150,000 per year.

How much sales dollars does the donut shop need to break-even per year if donuts are its only product?

Select one:

a. $229,008

b. $93,750

c. $90,000

d. $150,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Using QuickBooks Online For Accounting 2021

Authors: Glenn Owen

4th Edition

0357442164, 9780357442166

More Books

Students also viewed these Accounting questions

Question

How does Disney try to redress prejudice and discrimination?

Answered: 1 week ago