Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Last month Peggy Company had a $40,638 profit on sales of $344,800. Fixed costs are $93,834 a month. What sales revenue is needed for Peggy

Last month Peggy Company had a $40,638 profit on sales of $344,800. Fixed costs are $93,834 a month. What sales revenue is needed for Peggy to break even? (Round your answer to the nearest dollar amount.)

$134,472

$40,638

$385,438

$240,600

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

Advanced Digital Auditing Theory And Practice Of Auditing Complex Information Systems And Technologies

Authors: Egon Berghout, Rob Fijneman, Lennard Hendriks, Mona De Boer, Bert-Jan Butijn

1st Edition

3031110889, 978-3031110887

More Books

Students also viewed these Accounting questions