Which of the following statements is correct with regard to a CVP graph?
A. A CVP graph assumes that total expense varies in direct proportion to unit sales.
B. A CVP graph shows the maximum possible profit.
C. A CVP graph shows the operating leverage as the gap between total sales revenue and total expense at the actual level of sales.
D. A CVP graph shows the break-even point as the intersection of the total sales revenue line and the total expense line.
Answer: D
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An interest rate swap in which a company has a fixed rate of interest and pays a variable rate is called a
A) cash flow hedge. B) fair value hedge. C) deferred hedge. D) hedge of foreign currency exposure of a net investment in foreign operations.
Risk exposures in the General Ledger and Financial Reporting Systems include all of the following except
a. defective audit trail b. unauthorized access to the general ledger c. loss of physical assets d. general ledger account out of balance with the subsidiary account
Team composition is characterized by size, skills and abilities, diversity, and ______.
What will be an ideal response?
________ can be classified by primary purpose, such as to inform, persuade, or remind
A) Budget objectives B) Message objectives C) Creative strategies D) Advertising appeals E) Media plans