based on the diagram, has petes business broken even (meaning, covered its fixed expenses and become…
based on the diagram, has petes business broken even (meaning, covered its fixed expenses and become profitable)?
Answer
Explanation:
Step1: Recall break - even concept
Break - even occurs when pre - tax profit is at least zero after covering fixed expenses.
Step2: Check pre - tax profit value
The pre - tax profit is $25.
Answer:
Yes