quiz 14/15 based on the diagram, has petes business broken even (meaning, covered its fixed expenses and…

quiz 14/15 based on the diagram, has petes business broken even (meaning, covered its fixed expenses and become profitable)? selling price per unit: $1 number of units sold: 100 total sales: $100 total variable expenses: $20 contribution margin: $80 fixed operating expenses: $25 pre - tax profit: $55 taxes @ 15%: $8.25 net profit: $46.75 yes no not enough information available

quiz 14/15 based on the diagram, has petes business broken even (meaning, covered its fixed expenses and become profitable)? selling price per unit: $1 number of units sold: 100 total sales: $100 total variable expenses: $20 contribution margin: $80 fixed operating expenses: $25 pre - tax profit: $55 taxes @ 15%: $8.25 net profit: $46.75 yes no not enough information available

Answer

Explanation:

Step1: Recall break - even concept

Break - even is when pre - tax profit is at least 0.

Step2: Check pre - tax profit value

The pre - tax profit is $55. Since $55>0$.

Answer:

Yes