Footwear Inc. manufactures a complete line of? mens and? womens dress shoes for independent merchants. The average selling price of its finished product is ?$75 per pair. The variable cost for this same pair of shoes is ?$55. Footwear Inc. incurs fixed costs of ?$190,000 per year.
1. What is the? break-even point in pairs of shoes sold for the? company?
2. What is the dollar sales volume the firm must achieve to reach the? break-even point?
3. What would be the? firm's profit or loss?