Which of the following statements about the break-even point (BEP) is true?
A. The firm's total cost will equal its total revenue.
B. The firm's total revenue will equal its variable costs.
C. The firm's total sales will equal its total production.
D. The firm's total variable costs equal its total fixed cost.
E. The firm's total profits will equal its total cost.
Answer: A
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Reserve requirements for banks are currently: Amount of Bank'sReserve Transaction DepositsRequirement The first $6.6 million0 percent Amounts from $6.6 to $45.4 million3 percent Amounts over $45.4 million10 percent Calculate the reserve requirements for three banks with the following amounts of transaction deposits. a.$38.8 millionb.$95.6 millionc.$3,400 million
What will be an ideal response?
Participative budgeting:
a. Results in managers being less apt to meet or beat their budget projections. b. Motivates managers to meet budget numbers because they set them. c. Describes the budget meetings in which managers participate. d. Leaves room to blame top management in the event budget numbers are not met.
Which of the following is true about a pro forma earnings number?
a. A pro forma earnings number is in total conformity with GAAP. b. A pro forma earnings number is a forecast of earnings in future periods. c. Reporting pro forma earnings by companies subject to SEC regulation is illegal. d. A pro forma earnings number is regular GAAP earnings with certain exclusions.
If Partner A invested twice as much as Partner B, and there are only two partners, the income must be divided in a ratio of 2:1, respectively
Indicate whether the statement is true or false