Brayton Systems has a break-even point in sales of $1,200,000, and its variable expenses are 65% of sales. If the company reported a net loss of $60,000 last year, what were its actual sales for the year?

Brayton Systems has a break-even point in sales of $1,200,000, and its variable expenses are 65% of sales. If the company reported a net loss of $60,000 last year, what were its actual sales for the year?

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter12: Balanced Scorecard And Other Performance Measures

Section: Chapter Questions

Problem 5EA: During the current year, Sokowski Manufacturing earned income of $350,000 from total sales of...

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During the current year, Sokowski Manufacturing earned income of $350,000 from total sales of $5,500,000 and average capital assets of $12,000, 000. What is the sales margin?
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