At the breakeven point the sales line cuts:
a. Total cost line
b. None of them
c. Variable cost line
d. Fixed cost line
Answer: a. Total cost line
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Indicate whether the statement is true or false
Which of the following general business sources of external secondary data provides a path to other sources of secondary data contained in directories or published by professional or trade associations?
A) guides B) indexes and bibliographies C) directories D) nongovernmental statistical data E) conditional data
Xavier and Yolanda have original investments of $50,000 and $100,000 respectively in a partnership. The articles of partnership include the following provisions regarding the division of net income: interest on original investment at 10%, salary allowances of $38,000 and $28,000 respectively, and the remainder equally. How much of the net income of $75,000 is allocated to Xavier?
A) $66,000 B) $40,000 C) $35,000 D) $43,000
Which of the following is a limitation of using product placement as an advertising medium?
A) high clutter B) non-captive audience C) low reach D) high costs