Definition of the break-even point

Assignment Help Financial Accounting

Reference no: EM131213272

1. In a factory operating at capacity, not every machine and person should be working at the maximum possible rate.

a. True

b. False

2. The cost of factory machinery purchased last year is:

a. an opportunity cost.

b. a differential cost.

c. a direct materials cost.

d. a sunk cost.

3. Which of the following is NOT a correct definition of the break-even point?

a. the point where total sales equals total expenses.

b. the point where total profit equals total fixed expenses.

c. the point where total contribution margin equals total fixed expenses.

d. the point where total profit equals zero.

Reference no: EM131213272

Questions Cloud

Price elasticity of demand impact total revenue : How does the price elasticity of demand impact total revenue? Before that, how do you calculate the price elasticity of demand: the midpoint method and what are the determinants?

Write a paper on given topics : Describe a situation of public interest in which critical and/or creative thought could have been used for a better outcome.

Implied value of total factor productivity : Suppose India has a per capita GDP that is .074 times the United States GDP. It has a capital-per-person ratio that is .035 times that of the United States. Compared to the United States, the implied value of total factor productivity for India is..

What foods will the nurse say protein is found : A pregnant client tells the nurse that she is taking megadoses of vitamin A in the hopes that it will keep her complexion clear throughout the pregnancy. What could the nurse say about the client's use of this vitamin supplement?

Definition of the break-even point : In a factory operating at capacity, not every machine and person should be working at the maximum possible rate. The cost of factory machinery purchased last year is: Which of the following is NOT a correct definition of the break-even point?

Find the distance of the fault from the source : In Example 16.3, suppose that the amplitude of the reflected wave equals 99% of the amplitude of the forward-propagating wave. What is the impedance of the fault if the intrinsic line impedance is Z0 = 200 Ω?

Describe some of the similarities between us gaap and igaap : Briefly describe some of the similarities and differences between U.S. GAAP and iGAAP with respect to balance sheet reporting.

Cost minimizing level of capital that ?rm : The wage rate for labor is w = 2, the rental rate of capital is r = 1, and the cost of materials is m = 4 per unit. What is the long run cost minimizing level of capital that the ?rm must use to produce a target level of output, Q = 1000?

Assessed by the environmental protection agency : Fores Construction Company reported a pretax operating loss of $220 million for financial reporting purposes in 2016. Contributing to the loss were (a) a penalty of $15 million assessed by the Environmental Protection Agency for violation of a federa..

User Account

All Pages