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Mini-Case 12-4: Calculating the Break-even Point
A small manufacturer plans to sell tents for $120 each. The variable cost for each tent is $90. Fixed costs for the process are estimated to be $36,000. How many tents must the company sell to break-even?
-Suppose that the manufacturer desires a profit of $9,000 on this product. How many units must be sold?
Income Increase
Income increase refers to the rise in earnings over a period, which could be due to various factors such as revenue growth, cost reduction, or operational efficiency improvements.
DuPont Formula
A financial ratio based formula that measures a company's return on equity by multiplying its net profit margin, asset turnover, and financial leverage.
Investment Turnover
A ratio that measures the efficiency with which a company is able to generate revenue from its investments in assets.
Standard Costs
Predetermined or estimated costs used to measure the performance of a company based on the efficient use of labor and materials.
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