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kodGreya [7K]
3 years ago
5

A company has total fixed costs of $180,000 and a contribution margin ratio of 30%. How much sales are necessary to break even?

Business
1 answer:
svet-max [94.6K]3 years ago
3 0

Answer:

b) $600,000

Explanation:

The break-even sales can be regarded as sales value in which the result makes the firm to report zero profit.

Total fixed costs was given from the question as ( $180,000)

The Contribution margin ratio was give from the question as ( 30%)= 0.3

✓break even point can be calculated as ratio of Total fixed costs to Contribution margin ratio. This can be expressed as

break even point=[Total fixed costs ]/ [ Contribution margin ratio.]

Substitute,

break even point= [ $180,000]/ [0.3]

=$600,000

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Farms used to grow crops mainly for local consumption during the colonial era were called 'haciendas'.

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Although the laborers at haciendas were not considered slaves, their employment would undoubtedly be referred to as "forced labor" in modern parlance.  Though they were technically free to come and go, their lives were not all that different from slaves' in many ways. Haciendas contributed to the principal exports of Latin America up to the 20th century, including coffee, sugar, beef, leather, various vegetables, and cereals.

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Answer:

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