Question
What is the maximum percentage of variable costs in relation to sales that a firm could experience and still break even with $5 million revenue,
What is the maximum percentage of variable costs in relation to sales that a firm could experience and still break even with $5 million revenue, $2 million fixed costs, and $500,000 depreciation?
| 90 percent | ||
| 80 percent | ||
| 50 percent | ||
| 70 percent
|
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Smith and Roberson Business Law
Authors: Richard A. Mann, Barry S. Roberts
15th Edition
1285141903, 1285141903, 9781285141909, 978-0538473637
