FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Question
A publisher has a fixed cost of $175,000 associated with the production of a college
mathematics book. The contribution to profit and fixed cost from the sale of each
book is $5.75.
i) Determine the number of books which must be sold in order to break even.
ii) What is the expected profit if 65,000 books are sold?
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