Which of the following is NOT an assumption of cost-volume-profit (CVP) analysis?
A) The only factor that affects total costs is a change in volume, which increases or decreases total
variable and mixed costs.
B) The price per unit does not change as volume changes.
C) Total fixed costs do not change.
D) The price per unit changes as volume changes.
D) The price per unit changes as volume changes.
The price per unit does not change as volume changes.
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Which one of the following is least likely to be a user of financial information of a grocery store?
a. The manager of the grocery store. b. The supplier of milk to the grocery store. c. A stockbroker looking for a possible investment. d. A customer at the grocery store.
The balances of select accounts of Stephanie, Inc. as of December 31, 2016 are given below
Debit Credit Building $100,000 Cash 8,000 Office Supplies 800 Furniture 6,000 Prepaid Insurance 500 Accumulated Depreciation-Furniture $4,000 Land 33,000 Accumulated Depreciation-Building 4,700 Accounts Receivable 4,000 What amount of total long-term assets would be shown on the balance sheet? A) $100,000 B) $130,300 C) $133,000 D) $139,000
The effective annual rate increases with increasing compounding frequency
Indicate whether the statement is true or false
You purchase 100 shares of stock in ABC for $50 per share in January 2003 and sell the stock at
the end of 2006 for $90. What is your Internal Rate of Return on this investment? A) 15.83% B) 21.64% C) 82.22% D) 86%