Contemporary Auditing
11th Edition
ISBN: 9781305970816
Author: Michael C. Knapp
Publisher: Cengage Learning
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Answer this accounting question
Shiva Corporation
Financial Accounting: Shiva Corporation's break-even
point in sales is $840,000, and its variable expenses
are 65% of sales. If the company lost $33,000 last year,
sales must have amounted to:
a)
$746,000
b) $860,000
c) $800,000
d) $620,000
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