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

question 87

Short Answer

Find the break-even point, and tell whether the business is making a profit or a loss. Bob's diner did $125,000 in sales. Their variable cost was 65% of the total sales, and the fixed costs were $50,000.

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Definitions:

Ideal Version

The best or most perfect version that something can be, often used as a benchmark or goal for development and improvement.

Potential Customer

is an individual or organization that could become a purchaser or user of a company's products or services based on their interests or needs.

Experimentation

The process of trying out new ideas, concepts, or methods to gain insights or achieve improvements.

Successful Entrepreneurs

Individuals who have effectively built, managed, and grown their businesses, meeting or exceeding their entrepreneurial goals.