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What is the company break even revenue

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Reference no: EM133081495

Question - Djokovic Company sells 50,000 units of product "Jok". The following information were taken from company records last year:

-Accounts receivable - P169,000

-Days' sales outstanding - 15 days

-Contribution margin % - 37.5%

-Profit for the period - P471,000The ending accounts receivable balance is the average during the year. Assume a 360-day year and all sales are on credit. What is the company's break even revenue?

Reference no: EM133081495

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