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

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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

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