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Consider the following income statement and answer the questions that follow: Sales(100 units) $200 Variable costs (.80each) 80...Question
Consider the following income statement and answer the questions that follow:
Sales (100 units) $200
Variable costs ($.80 ea) 80
Fixed Costs 20
EBIT 100
Interest Expense 30
EBT 70
Income tax 24
Net Income 46
a. What is the firm’s Breakeven Point in units?
b. Draw a breakeven chart for this firm.
Sales (100 units) $200
Variable costs ($.80 ea) 80
Fixed Costs 20
EBIT 100
Interest Expense 30
EBT 70
Income tax 24
Net Income 46
a. What is the firm’s Breakeven Point in units?
b. Draw a breakeven chart for this firm.