Colin Was a Professional Classical Guitarist Until a Motorcycle Accident

question 90

Multiple Choice

Colin was a professional classical guitarist until a motorcycle accident left him disabled.After long months of therapy,he hired an experienced luthier and started a small shop to make and sell Spanish guitars.The guitars sell for $700 and the fixed monthly operating costs are as follows: Colin's accountant told him about contribution margin ratios and he understood clearly that for every dollar of sales,$0.60 went to cover his fixed costs,and that anything past that point was pure profit.
How many guitars does Colin have to sell each month to break even?

• A)6 guitars
• B)14 guitars
• C)7 guitars
• D)9 guitars

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