Last month Peggy Company had a $30,000 profit on sales of $250,000. Fixed costs are $60,000 a month. What sales revenue is needed for Peggy to break even?
A. $166,667
B. $90,000
C. $280,000
D. $30,000
Answer: A
You might also like to view...
Audit data standards (ADS) are standards for data files and fields typically needed to support an external audit in a given financial business process area.
Answer the following statement true (T) or false (F)
Paired comparison data can be analyzed in several ways. One way is for the researcher to calculate the percentage of respondents who prefer one stimulus to another
The researcher can also perform all of the following analyses on paired comparison data except A) simultaneous evaluation of all the stimulus objects B) convert paired comparison data to a rank order C) derive an interval scale from paired comparison data D) order a set of objects into an internally consistent, uni-dimensional scale
A producer of ____ would not use a process costing system
a. gasoline b. potato chips c. blank videotapes d. stained glass windows
By converting dollars to be received in the future into current dollars, the present value methods take into consideration that money:
A) has an international rate of exchange B) is the language of business C) is the measure of assets, liabilities, and stockholders' equity on financial statements D) has a time value