Problempaschals parasailing enterprises has estimated that, Ask an Expert

Accounting

Problem:

Paschal's Parasailing Enterprises has estimated that fixed costs per month are $115,600 and variable cost per dollar of sales is $0.35.

Required:

Question 1: What is the break-even point per month in sales?

Question 2: What level of sales is needed for a monthly profit of $70,000?

Question 3: For the month of August, Paschal's anticipates sales of $600,000. What is the expected level of profit?

Note: Provide thorough explanation of the given question.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91173512

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