Greg Morrison recently graduated from mortuary school. He is considering opening his own funeral home. A funeral home is a high-fixed cost business, as it requires considerable expenditures for facilities, labor, and equipment, no matter how many families are served. Assume the annual fixed cost of operations is $750,000. Further assume that the only significant variable cost relates to burial containers like urns and caskets. An average casket costs $1,120. Greg's banker has asked a variety of questions in contemplation of providing a loan for this business. If the average family is charged 54,400 for services and a burial container, how many families must be served to clear the break-even point? 135,870 228.659 170455 669.643