Sharpie Company has variable costs of 75% of total revenues and fixed costs of $40 million per year.What is the break-even point in dollars?
A) $40 million
B) $53.33 million
C) $100 million
D) $160 million

Question

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The Answer of Sharpie Company has variable costs of 75% of total revenues and fixed costs of $40 million per year.What is the break-even point in dollars?
A) $40 million
B) $53.33 million
C) $100 million
D) $160 million

Sharpie Company Has Variable Costs of 75% of Total Revenues