Question
Stylish Sitting is a retailer of office chairs located in San Francisco, California. Due to increased market competition, the CFO of Stylish Sitting has grown
Stylish Sitting is a retailer of office chairs located in San Francisco, California. Due to increased market competition, the CFO of Stylish Sitting has grown worried about the firm's upcoming income stream. The CFO asked you to use the company financial information provided below.
Sales price$72.00Per-unit variable costs:Invoice cost40.40Sales commissions17.40Total per-unit variable costs$57.80Total annual fixed costs:Advertising$54,450Rent76,900Salaries224,900Total annual fixed costs$356,250
The annual breakeven point, indollarsales, is:(Do not round intermediate calculations.)
Multiple Choice
- $1,806,339.
- $1,306,339.
- $1,506,339.
- $1,606,339.
- $1,106,339.
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