Phil asks you to calculate the break-even point for his firm.You respond that you will need the following information:
A) the values for all assets and liabilities.
B) total fixed costs, selling price, and variable costs per unit.
C) forecasted sales volume, operating expenses, and asset values.
D) sales revenue and total liabilities
E) sales revenue and cost of goods sold

Question

Quizplus · Accepted Answer

To calculate the break-even point, we need to know the total fixed costs, selling price, and variable costs per unit. The other options listed do not provide the necessary information to calculate the break-even point.

Phil Asks You to Calculate the Break-Even Point for His