Question
Last year Easton Corporation reported sales of $870,000, a contribution margin ratio of 40% and a net loss of $39,000. Based on this information, the
Last year Easton Corporation reported sales of $870,000, a contribution margin ratio of 40% and a net loss of $39,000. Based on this information, the break-even point was:
Multiple Choice
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$772,500
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$967,500
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$909,000
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$1,065,000
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Financial Modeling
Authors: Simon Benninga
3rd Edition
0262026287, 9780262026284
