Solved: Canoes must be sold in order for the company to break even, Accounting Basics

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Canoes must be sold in order for the company to break even

Problem:

Canoe Company has two products. In the past, Canoe has averaged sales of four standard models at a price of $250 and one deluxe model at a price of $750 each day. Variable costs total $75 for the standard model and $200 for the deluxe model. If fixed costs are $281,250, how many canoes must be sold in order for the company to break even?

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Accounting Basics: Canoes must be sold in order for the company to break even

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Accounting Basics: Canoes must be sold in order for the company to break even

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