If a Business Had Sales of $4,000,000,fixed Costs of $1,200,000,a

question 105

Multiple Choice

If a business had sales of $4,000,000,fixed costs of $1,200,000,a margin of safety of 25%,and a contribution margin ratio of 40%,what was the break-even point?

• A)$3,000,000
• B)$2,800,000
• C)$4,800,000
• D)$2,000,000

Understand the concepts and functions of digital financial instruments, including cryptocurrency and electronic checks.

Recognize the types of checks used by businesses, such as third-party checks, limited checks, and voucher checks.

Understand the importance of diversified banking practices to mitigate potential risks.

Understand the importance of recognizing and implementing specific security features in checks to prevent fraud.

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