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Yarn Basket, Ltd., sells hand-knit scarves. Each scarf sells for $35. The company pays $150 to rent a vending space for one day. The variable costs are $14 per scarf. What total revenue amount does the company need to earn to break even? (Round any percentages to two decimal places and your final answer to the nearest cent.) OA. $23.33 OB. $250.00 OC. $35.00 OD. $4.90 CI

Yarn Basket, Ltd., sells hand-knit scarves. Each scarf sells for $35. The company pays $150 to rent a vending space for one day. The variable costs are $14 per scarf. What total revenue amount does the company need to earn to break even? (Round any percentages to two decimal places and your final answer to the nearest cent.) OA. $23.33 OB. $250.00 OC. $35.00 OD. $4.90 CI

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Yarn Basket, Ltd., sells hand-knit scarves. Each scarf sells for $35. The company pays $150 to rent a vending space for one day. The variable costs are $14 per scarf. What total revenue amount does the company need to earn to break even? (Round any percentages to two decimal places and your final answer to the nearest cent.) OA. $23.33 B. $250.00 OC. $35.00 O D. $4.90
Transcribed Image Text:Yarn Basket, Ltd., sells hand-knit scarves. Each scarf sells for $35. The company pays $150 to rent a vending space for one day. The variable costs are $14 per scarf. What total revenue amount does the company need to earn to break even? (Round any percentages to two decimal places and your final answer to the nearest cent.) OA. $23.33 B. $250.00 OC. $35.00 O D. $4.90
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