Johnston Co

question 85

Multiple Choice

Johnston Co. has total variable costs equal to 40% of sales. Fixed costs are $120,000. What is the breakeven point in revenues?

• A)$300,000
• B)$200,000
• C)$120,000
• D)Cannot be determined

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Definitions:

Courage

The mental or moral strength to venture, persevere, and withstand danger, fear, or difficulty.

Managing Emotions

The practice of recognizing, understanding, and responding to emotions in oneself and others in a healthy and productive manner.

Real

Pertaining to actual existence or genuine occurrence, rather than being imaginary or artificial.

Change

The process or event of becoming different, which can occur in varying degrees and contexts across personal, social, and professional environments.