Multiple Choice
A firm with 60% of sales going to variable costs,$1.5 million fixed costs,and $500,000 depreciation would show what accounting profit with sales of $3 million? Ignore taxes.
A) Zero loss
B) $370,000 loss
C) $666,667 loss
D) $800,000 loss
Correct Answer:
Verified
Correct Answer:
Verified
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