Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. a company forecasts sales to be $800,000 for 2017.

A company forecasts sales to be $800,000 for 2017. Fixed costs are $210,000...

90.2K

Verified Solution

Question

Accounting

  1. A company forecasts sales to be $800,000 for 2017. Fixed costs are $210,000 and the contribution margin percentage for the company is 0.30 (30%). The break-even point in dollars for the firm is:

    $240,000

    $450,000

    $700,000

    $300,000

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Accounting
1.2K views

PC Refinery uses a FIFO process costing system. For a particular period, its opening inventory consisted...

Biology
1.2K views

) GWAS have shown that: a) common SNPs usually have a small effect on common, complex disease...

Psychology
1.2K views

1) What are Klockars's descriptions of police authority, power, persuasion, and force? 2) Describe Wilson and Brown's...

General Management
1.2K views

How does Nostalgia shape Schema? Identify a brand and explain how you have realized that you...

Calculus
1.2K views

Given f x At what value of a does the local max of f x...

Calculus
1.2K views

1. Find the general solution to the differential equation dy/ dx = 2xy.

Algebra
1.2K views

Which of the following is the factored form of the simplest function with real and...

Accounting
1.2K views

Look back on the research and discussion surrounding Grant Department stores a few weeks ago....

Accounting
1.2K views

How can auditors determine a companys true tone at the top? one source article or...

Accounting
1.2K views

Question 2 (25 marks) Natural Styles Ltd is a retail company...

Accounting
1.2K views

C4-2 (Algo) From Recording Transactions (Including Adjusting Journal Entries) to Preparing Financial Statements and Closing...

Accounting
1.2K views

The following selected transactions relate to contingencies of Classical Tool Makers, Inc., which began operations...