Should Shoecraft get into the slipper business? House slippers sales will be worth $122.0 million next care. SC can make house slippers for $20.22 per pair in variable costs + relevant fixed costs of $1,810,000. Before it will launch this venture, SC must 0roject a total profit of AT LEAST $440,000. If SC sells house slippers for $27.26 per pair, what would be SC's Breakevent Market Share While Meeting the Project Target for this venture. (answer as percent, 1 decimal place / a tenth)
Should Shoecraft get into the slipper business? House slippers sales will be worth $122.0 million next care. SC can make house slippers for $20.22 per pair in variable costs + relevant fixed costs of $1,810,000. Before it will launch this venture, SC must 0roject a total profit of AT LEAST $440,000. If SC sells house slippers for $27.26 per pair, what would be SC's Breakevent Market Share While Meeting the Project Target for this venture.
(answer as percent, 1 decimal place / a tenth)
Break-even point can be defined as that level of sales revenue at which the business earns zero profit and incurs zero loss. It is that point at which total revenues becomes equal to the total cost. The formula to calculate the break-even point is given below:
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