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Sheldon is considering opening a hockey clinic as a side business but is worried about whether he can manage the risk. He anticipates fixed costs of $120,000, sales of $400,000 and costs of goods sold of $100,000. What sales volume would Sheldon need to break-even? $160,000 $480,000 $144,579 $705,883

Sheldon is considering opening a hockey clinic as a side business but is worried about whether he can manage the risk. He anticipates fixed costs of $120,000, sales of $400,000 and costs of goods sold of $100,000. What sales volume would Sheldon need to break-even? $160,000 $480,000 $144,579 $705,883

Essentials Of Investments
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
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Sheldon is considering opening a hockey clinic as a side business but is worried about whether he can manage the risk. He anticipates fixed costs of $120,000, sales of $400,000 and costs of goods sold of $100,000. What sales volume would Sheldon need to break-even? $160,000 $480,000 $144,579 $705,883
Transcribed Image Text:Sheldon is considering opening a hockey clinic as a side business but is worried about whether he can manage the risk. He anticipates fixed costs of $120,000, sales of $400,000 and costs of goods sold of $100,000. What sales volume would Sheldon need to break-even? $160,000 $480,000 $144,579 $705,883
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