Which of the following statements is false?
a. The break- even point in units is computed by dividing the total fixed cost by the contribution margin per unit.
b. The contribution margin ratio is computed by dividing the contribution margin per unit by the sales price per unit.
c. The break-even point in dollars is computed by dividing the total fixed cost by the contribution margin per unit.
d. A break-even point is that level of activity where total revenue equals total costs.
c
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Answer the following statements true (T) or false (F)
The proprietary theory approach largely coincides with the components of income measurement as it is presently construed in historical cost-based systems.
If a court awards nominal damages it will generally:
a. award compensatory damages as well. b. not make a determination as to whether there has been a breach of the contract. c. award punitive damages for the intentional breach of the contract. d. award a very small amount of money.
Using a 3-month moving average, how many check-ins can be forecasted for January?
Given the following data on hotel check-ins for a 6-month period: July: 70 rooms August: 105 rooms September: 90 rooms October: 120 rooms November: 110 rooms December: 115 rooms
In the absence of any specific agreements, the buyer or lessee must make payment subsequent to receipt of the goods
Indicate whether the statement is true or false