Atlas Corporation's break-even point in sales is $850,000, and its variable expenses are 75% of sales. If the company lost $35,000 last year, sales must have amounted to: a. $795,000 b. $725,000 c. $680,000 d. $710,000
Atlas Corporation's break-even point in sales is $850,000, and its variable expenses are 75% of sales. If the company lost $35,000 last year, sales must have amounted to: a. $795,000 b. $725,000 c. $680,000 d. $710,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Atlas Corporation's break-even point in sales is $850,000, and its
variable expenses are 75% of sales. If the company lost $35,000 last
year, sales must have amounted to:
a. $795,000
b. $725,000
c. $680,000
d. $710,000
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