The prime rate is the Size of the commitment fee on a commercial bank loan. Rate charged on business loans to borrowers with high credit ratings. Effective cost of commercial paper. Effective cost of a commercial bank loan.

Your uncle is considering investing in a new company that will produce high quality stereo speakers. the sales price would be set at 1.5 times the variable cost per unit; the variable cost per unit is estimated to be $75.00; and fixed costs are estimated at $1,200,000. what sales volume would be required to break even, i.e., to have ebit = zero?