Recent Posts • Latest Topics • Unanswered Questions

ABC Corp. has estimated the following income statement for its next fiscal year.

samualson

wrote...

Go to Answer

Posts: 2459

Rep:

6 years ago

ABC Corp. has estimated the following income statement for its next fiscal year.

ABC Corp. has estimated the following income statement for its next fiscal year.

Sales$20,000,000
Variable costs6,000,000
Revenue before fixed costs14,000,000
Fixed costs9,000,000
EBIT5,000,000
Interest expense900,000
Earnings before taxes4,100,000
Taxes (35%)1,435,000
Net income$2,665,000

a.What is the break-even point in sales dollars for the firm?
b.If the average unit cost is $20, what is the break-even point in units?

Textbook

Foundations of Finance

Edition: 9^th

Authors: Keown, Petty, Martin

Read 32 times

2 Replies

Report

Replies

Answer verified by a subject expert

DeanaRay

wrote...

Related Topics

samualson Author

wrote...

6 years ago

Report

New Topic

Quick Reply

Explore

Post your homework questions and get free online help from our incredible volunteers

1043 People Browsing

Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook

Related Images

114

323

353

Your Opinion

Previous poll results: How often do you eat-out per week?

Strange Ingredients Lurking in Doritos Chips

Courses by Biology Forums

Bonobos, Chimpanzees, and the 98% DNA Link

It's sore throat season, why does my mucus have red spots?

The Toxic Skin and Fungi Defense

Ready to ask a question on Biology Forums? Try it out

Join Our Community

Biology Forums - Study Force is a free online homework help service catered towards college and high school students. Get homework help and answers to your toughest questions in biology, chemistry, physics, mathematics, engineering, accounting, business, humanities, and more. Master your assignments quickly with thousands of step-by-step solutions to countless textbook questions asked and answered by our members. If we don't have your question, don't worry. You can ask any homework question and get expert homework help in as little as two hours.

Our extensive online study community is made up of college and high school students, teachers, professors, parents and subject enthusiasts who contribute to our vast collection of study resources: textbook solutions, study guides, practice tests, practice problems, lecture notes, equation sheets and more. With our help, your homework will never be the same!

Join for free today

How is Biology Forums - Study Force different than tutoring?

Home Search Q & A Board Gallery Resource Library Blog Dictionary Chat	Quick Links Start a Topic Latest Topics Unanswered Questions Courses Study Tools Browse by Textbook	Social Facebook YouTube Community Stats Who's Online Trending Staff	Help About Us Take the Tour Study Tips Posting Guidelines Terms and Policies Contact Us
Biology Forums - Study Force © 2010-2024 \| Powered by SMF \| SMF © 2015, Simple Machines \| Sitemap Biology-Forums.com is not affiliated with any publisher. Book covers, title and author names appear for reference only.