Winny's Office Furniture has a contribution margin ratio of 16%. If fixed costs are $185,300, how many dollars of revenue must the company generate in order to reach the break-even point? Round to two decimal places. Your Answer:

Winny's Office Furniture has a contribution margin ratio of 16%. If fixed costs are $185,300, how many dollars of revenue must the company generate in order to reach the break-even point? Round to two decimal places. Your Answer:

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

Section: Chapter Questions

Problem 1PS

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Question

Winny's Office Furniture has a contribution margin ratio of 16%. If fixed costs are $185,300, how many dollars of revenue must the company generate in order to reach the break-even point?

Round to two decimal places.

Your Answer:

Expert Solution

Step 1: Introduction

Solution:

Break- even point is the point of no profit, no loss i.e. where total expenditure equalizes total revenue.

Step by step

Solved in 3 steps

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Similar questions

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Winny's Office Furniture has a contribution margin ratio of 16%. If fixed costs are $183,800, how many dollars of revenue must the company generate in order to reach the break-even point? Round to two decimal places.
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19 )
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