Presented below is the income statement of KA Corp.
Sales $6,000,000
Less: Cost of goo...
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Business, 15.04.2020 03:09, gungamer720
Presented below is the income statement of KA Corp.
Sales $6,000,000
Less: Cost of goods sold 3,400,000
Gross margin $2,600,000
Less: Operating expenses 1,700,000
Net income $ 900,000
Cost of goods sold consists of $2,400,000 of variable costs and $1,000,000 of fixed costs.
Operating expenses consist of $900,000 of variable costs and $800,000 of fixed costs.
Required:
1. What is the break-even point in dollars?
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Answers: 2
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