Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. scott company's variable expenses are 90% of sales

Scott Company's variable expenses are 90% of sales. The company's break-even point in sales is...

80.2K

Verified Solution

Question

Accounting

image
image
image
Scott Company's variable expenses are 90% of sales. The company's break-even point in sales is $2,400,000. If sales are $500,000 below the break-even point, the company would report a: Select one: $40,000 loss. cannot be determined from the data given. $500,000 loss. $50,000 loss. At a break-even point of 1,000 units sold, total variable expenses were $4,000 and total fixed expenses were $5,000. What will net income be if 1010 units are sold? Select one: $5.00 $50. $22.50 not enough information is given to answer this question The following data represents expected sales and costs for the month of October at an expected sales level of 15,000 units: The break-even point in units is: Select one: none of these 6,000 units 9,000 units 5,000 units

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