(Solved by Humans)-Your uncle is considering investing in a new company that will produce high quality stereo speakers.
Question
Your uncle is considering investing in a new company that will produce high quality stereo speakers. The sales price would be set at 1.70 times the variable cost per unit; the variable cost per unit is estimated to be $75.00; and fixed costs are estimated at $1,030,000. What sales volume would be required to break even, i.e., to have EBIT = zero? 17,069 16,088 20,992 22,562 19,619
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