Given the following notation, what is the break-even sales level in units? SP = selling price per unit, FC = total fixed cost, VC = variable cost per unit
a. SP/(FC/VC)
b. FC/(VC/SP)
c. VC/(SP - FC)
d. FC/(SP - VC)
D
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Which of the following statements is correct when a company has a complex capital structure?
A. Diluted earnings per share and basic earnings per share must both be shown on the income statement. B. The company must have participating preferred stock outstanding. C. The company might have convertible bonds outstanding. D. Diluted earnings per share must be shown on the income statement.
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Kellogg's has determined that adding instant oatmeal cups to its product line would garner significant market share. This reflects the _______ element of the marketing mix.
Fill in the blank(s) with correct word