Assume that the company sells two products, X and Y, with contribution margins per unit of $12 and $10, respectively. What happens to the break-even point if the sales mix shifts to favor product X? (In other words, sales of product X will make up a higher percentage of the sales mix.)
A. Break-even point decreases.
B. Break-even point stays the same.
C. Break-even point increases.
D. None of these answers is correct.
Answer: A
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Which of the following types of marketing intermediaries assumes the selling responsibility for a business and receives a commission when a sale occurs, as part of a direct channel system?
A) retailers B) brokers C) wholesalers D) commercial distributors E) dealers
As of 2011, the _____ is an independent accounting standard-setting entity with 15 voting members from a number of countries
a. Public Companies Accounting Oversight Board (PCAOB) b. International Accounting Standards Board (IASB) c. American Institute of Certified Public Accountants (AICPA) d. World Institute of Certified Public Accountants (WICPA) e. International Institute of Certified Public Accountants (IICPA)
Loops are used for situations in which we need to repeat a line or lines of code within our block.
Answer the following statement true (T) or false (F)
Indicate how each event affects the elements of the financial statements. Use the following letters to record your answer in the box shown below each element. Use only one letter for each element. You do not need to enter amounts.Increase = IDecrease = DNo Effect = NA(Note that "No Effect" means that the event does not affect that element of the financial statements or that the event causes an increase in that element and is offset by a decrease in that same element.) On January 1, Year 1, Flagler Corporation signed a contract with the City Bank for a line of credit that permitted Flagler to borrow up to $50,000. AssetsLiabilitiesStk. EquityRevenuesExpensesNetStmt. of ?IncomeCash Flows???????
What will be an ideal response?