Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The table below shows the 12-month income statement for Nan's Pizzeria. How many pizzas must Nan sell in order to break even? Nan's Pizzeria Income

The table below shows the 12-month income statement for Nan's Pizzeria. How many pizzas must Nan sell in order to break even?

Nan's Pizzeria Income Statement for the period January 1, 2018 - December 31, 2018

Sales ($10 x 100,000 pizzas) $1,000,000
Variable Cost Per Pizza ($6) ($600,000)
Gross profit $400,000
Operating expenses
Salaries ($50,000)
Rent ($50.000)
Total Operating Expenses ($100.000)
Net Income (Profit) $300,000

a. 100.000 b. 50.000 c. 25.000 d. 30,000

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

The Edgerston Audit

Authors: Don Akenson

1st Edition

0802709915, 978-0802709912

More Books

Students also viewed these Accounting questions