quiz based on the diagram, has petes business broken even (meaning, covered its fixed expenses and become…

quiz based on the diagram, has petes business broken even (meaning, covered its fixed expenses and become profitable)? selling price per unit: $5 number of units sold: 100 total sales: $500 total variable expenses: $250 contribution margin: $250 fixed operating expenses: $225 pre - tax profit: $25 taxes @ 15%: $3.75 net profit: $21.25 yes no not enough information available

quiz based on the diagram, has petes business broken even (meaning, covered its fixed expenses and become profitable)? selling price per unit: $5 number of units sold: 100 total sales: $500 total variable expenses: $250 contribution margin: $250 fixed operating expenses: $225 pre - tax profit: $25 taxes @ 15%: $3.75 net profit: $21.25 yes no not enough information available

Answer

Explanation:

Step1: Recall break - even concept

Break - even occurs when pre - tax profit is at least zero.

Step2: Check pre - tax profit value

The pre - tax profit is $25.

Answer:

Yes