If fixed costs are $750,000 and variable costs are 70% of sales, what is the break-even point (dollars)? Group of answer choices $1,275,000 $525,000 $1,071,429 $2,500,000

Intermediate Financial Management (MindTap Course List)
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ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
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Chapter16: Capital Structure Decisions
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If fixed costs are $750,000 and variable costs are 70% of sales, what is the break-even point (dollars)?
Group of answer choices
$1,275,000
$525,000
$1,071,429
$2,500,000
 
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