Question
Last year Easton Corporation reported sales of $890,000, a contribution margin ratio of 40% and a net loss of $41,000. Based on this information, the
Last year Easton Corporation reported sales of $890,000, a contribution margin ratio of 40% and a net loss of $41,000. Based on this information, the break-even point was:
Multiple Choice
- $992,500
- $787,500
- $1,095,000
- $931,000
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Intermediate Accounting IFRS
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
3rd edition
1119372933, 978-1119372936
