Based on the Following Data,calculate the Breakeven Point

question 66

Multiple Choice

Based on the following data,calculate the breakeven point. Sales = $500,000
Transportation = $10,000
Gross Profit = $200,000
Lodging and Meals = $8,000
Salary = $37,000
Other expenses = $5,000

• A) $150,000
• B) $130,000
• C) $100,0003
• D) $86,667
• E) Cannot be calculated with the information given

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Definitions:

Quintiles

Statistical values that divide a set of data into five equal parts, so that each part represents 1/5th of the sampled population.

Percentage Shares

Represent the portions or fractions, expressed as a percentage, of a whole divided among entities or allocated for specific purposes.

Poverty Line

A calculated income level used as a threshold to determine the minimum amount of income a family or individual needs to afford basic living expenses.

Poverty Rate

The percentage of the population that lives below the poverty line, indicating the level of economic deprivation in a community.