CVP Analysis, Profit Equation [LO 3] Lake Stevens Marina has estimated that fixed costs per month are $350,000 and variable cost per dollar of sales is $0.30.
a. What is the break-even point per month in sales dollars?
b. What level of sales dollars is needed for a monthly profit of $70,000?
c. For the month of July, the marina anticipates sales of $1,000,000. What is the expected level of profit?
Please show all work and calculations