A firm has fixed operating costs of $10,000, the sale price per unit of its product is $25, and its variable cost per unit is $15. The firm's operating breakeven point in units is ________ and its breakeven point in dollars is ________.
A) 1,000; $6,250
B) 400; $10,000
C) 400; $25,000
D) 1,000; $25,000
D) 1,000; $25,000
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A flexible budget is a summary of expected costs for a range of activity levels and is geared to changes in the level of productive output
Indicate whether the statement is true or false
In January, a company pays for advertising space in the local paper for ads to be run during the months of January, February, and March at $1520 a month. The journal entry to record the payment would debit:
A. Accounts Payable and credit Stockholders' Equity for $4560. B. Advertising Expense for $1520, debit Prepaid Advertising for $3040, and credit Cash for $4560. C. Cash for $4560, credit Advertising Expense for $1520, and credit Prepaid Advertising for $3040. D. Accounts Payable and credit Cash for $4560.
Which of the following is an advantage of being a first mover?
A. certainty over the direction of technology and market B. low development costs C. no financial or strategic risks D. opportunity to begin building customer relationships
Which of the following is correct regarding the characteristics of a corporation?
a. A corporation is considered a person within the meaning of the Fourteenth Amendment's equal protection clause. b. The Fifth Amendment provisions against self-incrimination protect a corporation. c. A corporation is protected by the Fourth Amendment's provision against unreasonable searches and seizures. d. A corporation is considered a person within the meaning of the Fourteenth Amendment's equal protection clause and is also protected by the Fourth Amendment's provision against unreasonable searches and seizures.