Find the Break-Even Point, and Tell Whether the Business Is

question 84

Short Answer

Find the break-even point, and tell whether the business is making a profit or a loss. Jim's tavern did $75,000 in sales. Their variable cost was 40% of the total sales, and the fixed costs were $22,000.

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Definitions:

Sleep Terrors

A sleep disorder causing feelings of terror or dread, and typically involving screaming, flailing, or panic during sleep.

Panic

An intense, sudden fear or anxiety that can result in extreme and often irrational behavior or decisions.

Awakens

Refers to the process of coming into awareness or becoming conscious of something that was previously unknown or unrecognized.

Growth Pattern

The specific way in which an individual or entity develops over a period of time, often characterized by phases or stages.