Quick answer of this accounting Clearwater Industries has a break-even point in sales revenue of $1,250,000,and variable expenses are 70% of sales. If the firm generated a profit of$75,000, what was its actual sales revenue?a) $1,150,000b) $1,350,000c) $1,500,000d) $1,600,000

Step 1: Definition of Break-Even Sales RevenueBreak-even sales revenue is the amount of sales…

Answered: Clearwater Industries has a break-even…

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter6: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 7BE: Margin of safety Jorgensen Company has sales of 380,000,000, and the break-even point in sales...

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Clearwater Industries has a break-even point in sales revenue of $1,250,000, and variable expenses are 70% of sales. If the firm generated a profit of $75,000, what was its actual sales revenue? a) $1,150,000 b) $1,350,000 c) $1,500,000 d) $1,600,000