Question: Questi 12 O1/ -/1 View Policies Current Attempt in Progress Pharoah Cash, Ltd. operates a chain of exclusive ski hat boutiques in the western United
Questi 12 O1/ -/1 View Policies Current Attempt in Progress Pharoah Cash, Ltd. operates a chain of exclusive ski hat boutiques in the western United States. The stores purchase several hat styles from a single distributor at $15 each. All other costs incurred by the company are fixed. Pharoah Cash, Ltd. sells the hats for $50 each If fixed costs total $350,000 per year, what is the breakeven point in units? In sales dollars? (Use your answer of breakeven units to calculate the breakeven point in dollars.) hats The breakeven point The breakeven sales What is Pharoah Cash's contribution margin ratio? Its variable cost ratio? (Round ratios to 2 percentage places, e.g. 0.38 = 38%.) % Contribution margin ratio % Variable cost ratio
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