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

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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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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Sale revenue is the amount of revenue earned by an entity. From this, the variable and fixed costs are deducted to compute the net profit or loss.

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