Multiple Choice
What is the maximum percentage of variable costs in relation to sales that a firm could experience and still break even with $5 million revenue, $1 million fixed costs, and $500,000 depreciation? (use the values in dollar)
A) 30 percent
B) 70 percent
C) 80 percent
D) 90 percent
Correct Answer:
Verified
Correct Answer:
Verified
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