Question Stay Handy company is a large company providing door to door delivery service for groceries and other daily need items. In the most recent year, company had 60 million members, through which provided it a revenue of $33,347 in the most recent year. The details relating to Costs and expenses for the year were as follows: Particulars Amount ($ in millions) Cost of revenue Selling, general, and administrative expenses Depreciation and amortization 14,958 7,994 8,150 Form the total cost of revenue 30% was fixed and the selling, general and administrative expenses are fixed to the extent of 70% to the number of members. How many memberships does the company need to break-even? (All interim calculations and final answers should be rounded off to one decimal place) (A 51.2 million (B) 53.4 million (C) 54.3 million (D) 52.1 million

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Transcribed Image Text: Stay Handy company is a large company providing door to door delivery service for groceries and other daily need items. In the most recent year, company had 60 million members, through which provided it a revenue of $33,347 in the most recent year. The details relating to Costs and expenses for the year were as follows: Particulars Amount ($ in millions) Cost of revenue Selling, general, and administrative expenses Depreciation and amortization 14,958 7,994 8,150 Form the total cost of revenue 30% was fixed and the selling, general and administrative expenses are fixed to the extent of 70% to the number of members. How many memberships does the company need to break-even? (All interim calculations and final answers should be rounded off to one decimal place) (A 51.2 million (B) 53.4 million (C) 54.3 million (D) 52.1 million
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Transcribed Image Text: Stay Handy company is a large company providing door to door delivery service for groceries and other daily need items. In the most recent year, company had 60 million members, through which provided it a revenue of $33,347 in the most recent year. The details relating to Costs and expenses for the year were as follows: Particulars Amount ($ in millions) Cost of revenue Selling, general, and administrative expenses Depreciation and amortization 14,958 7,994 8,150 Form the total cost of revenue 30% was fixed and the selling, general and administrative expenses are fixed to the extent of 70% to the number of members. How many memberships does the company need to break-even? (All interim calculations and final answers should be rounded off to one decimal place) (A 51.2 million (B) 53.4 million (C) 54.3 million (D) 52.1 million
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Step 1Revenue per member=Total RevenueNumber of members=$33,34760in& ... See the full answer