Last year Easton Corporation reported sales of $900,000, a contribution margin ratio of 40% and a net loss of $42,000. Based on this information, the break-even point was: Multiple Choice $795,000 $1,110,000 $942,000 $1,005,000

Last year Easton Corporation reported sales of $900,000, a contribution margin ratio of 40% and a net loss of $42,000. Based on this information, the break-even point was: Multiple Choice $795,000 $1,110,000 $942,000 $1,005,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Last year Easton Corporation reported sales of $900,000, a contribution margin ratio of 40% and a net loss of $42,000. Based on this information, the break-even point was:

Multiple Choice

$795,000
$1,110,000
$942,000
$1,005,000

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