Tower Inc.’s break-even point in sales revenue is $675,000. Tower’s variable costs are 75% of its sales revenue. If Tower reports a net operating loss of $32,000, what is Tower’s actual sales revenue? Group of answer choices $547,000 $571,000 $601,000 $643,000
Tower Inc.’s break-even point in sales revenue is $675,000. Tower’s variable costs are 75% of its sales revenue. If Tower reports a net operating loss of $32,000, what is Tower’s actual sales revenue? Group of answer choices $547,000 $571,000 $601,000 $643,000
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 23E
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Question
Tower Inc.’s break-even point in sales revenue is $675,000. Tower’s variable costs are 75% of its sales revenue. If Tower reports a net operating loss of $32,000, what is Tower’s actual sales revenue?
Group of answer choices
$547,000
$571,000
$601,000
$643,000
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