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Djokovic Company sells 50,000 units of product Jok. The following information were taken from company records last year: Accounts receivable - P169,000 Days' sales outstanding

Djokovic Company sells 50,000 units of product "Jok". The following information were taken from company records last year:

  • Accounts receivable - P169,000
  • Days' sales outstanding - 15 days
  • Contribution margin % - 37.5%
  • Profit for the period - P471,000

The ending accounts receivable balance is the average during the year. Assume a 360-day year and all sales are on credit. What is the company's break even revenue?

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