Sheldon is considering opening a hockey clinic as a side business but is worried about whether he can manage the risk. He anticipates fixed costs of $120,000, sales of $400,000 and costs of goods sold of $100,000. What sales volume would Sheldon need to break-even? $160,000 $480,000 $144,579 $705,883

Sheldon is considering opening a hockey clinic as a side business but is worried about whether he can manage the risk. He anticipates fixed costs of $120,000, sales of $400,000 and costs of goods sold of $100,000. What sales volume would Sheldon need to break-even? $160,000 $480,000 $144,579 $705,883

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter14: Capital Structure Management In Practice

Section14.A: Breakeven Analysis

Problem 6P

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