A small company can produce 500 dolls per week. The doll retails for $30. The variable costs are $7.50 per doll and fixed costs are $9000 per week. What is the break-even point expressed as a percent of capacity? Group of answer choices 85% 80% 70% 65% 75%
A small company can produce 500 dolls per week. The doll retails for $30. The variable costs are $7.50 per doll and fixed costs are $9000 per week. What is the break-even point expressed as a percent of capacity? Group of answer choices 85% 80% 70% 65% 75%
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Question
![A small company can produce 500 dolls per week. The doll retails for $30. The variable costs are
$7.50 per doll and fixed costs are $9000 per week. What is the break-even point expressed as a
percent of capacity?
Group of answer choices
85%
80%
70%
65%
75%](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F0c3606a6-6358-4824-810d-6cbb5e92ae68%2Fdf983bc4-c029-4a3a-803a-c9dfe77d82a9%2Fb00460d_processed.png&w=3840&q=75)
Transcribed Image Text:A small company can produce 500 dolls per week. The doll retails for $30. The variable costs are
$7.50 per doll and fixed costs are $9000 per week. What is the break-even point expressed as a
percent of capacity?
Group of answer choices
85%
80%
70%
65%
75%
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