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Biscuit Company Sells Its Product for $50

question 128

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Biscuit Company sells its product for $50. In addition, it has a variable cost ratio of 45 percent and total fixed costs of $6,875. What is the break-even point in sales dollars for Biscuit Company?


Definitions:

Negligence

The failure to take reasonable care to prevent harm to others that a reasonably prudent person would have taken under the same circumstances.

Check 21 Act

A U.S. federal law that facilitates check truncation by creating a new type of negotiable instrument called a substitute check.

Electronically

Refers to processes, transactions, or communications that are conducted using electronic devices or over the internet.

Mandatory

Required or obligatory, implying that it must be done or adhered to without choice.

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