Three important assumptions in cost-volume-profit analysis are that (1) ________ per unit is constant, (2) ________ per unit is constant, and (3) ________ are constant in total.
What will be an ideal response?
selling price; variable cost; fixed costs
The first and second answers are interchangeable. The third answer must appear as shown.
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For each of the accounts listed below, enter the words, Increase or Decrease, in the Debit and Credit columns to indicate the effects of each on the account balance. The first row has been completed for reference.AccountDebitCreditA.CashIncreaseDecreaseB.Accounts Payable??C.Accounts Receivable??D.Fees Income??E.Supplies Expense??F.Laurie Fellowes, Drawing??G.Office Equipment??H.Rent Expense??I.Office Supplies??J.Laurie Fellows, Capital??K.Prepaid Rent??
What will be an ideal response?
Ethical behavior involves choosing actions that are just
Indicate whether the statement is true or false
Why are marketing costs high in the introductory stage of the product life cycle?
a. Cutthroat competition during the introductory stage can lead to price wars. b. Sales increase rapidly during the introductory stage, requiring greater investment for marketing. c. High dealer margins are often needed to obtain adequate distribution. d. Product and manufacturing costs need to be identified and corrected.
Can a company operating only locally go international? Discuss and give examples.
What will be an ideal response?