Break-even sales volume in units is determined by:
a. Dividing the fixed cost by the difference between the unit selling price and unit variable costs.
b. Subtracting the fixed cost from the contribution margin.
c. Dividing the fixed cost by the unit selling price.
d. Subtracting the variable cost per unit from the unit selling price.
a
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The method of reporting cash flows from operating activities under which income is adjusted for transactions impacting both net income and cash flows, but in different ways, is called the
a. direct method. b. indirect method. c. combination method. d. adjusted method.
In ________, the seller charges a separate price to each customer depending on the intensity of his or her demand
A) second-degree price discrimination B) third-degree price discrimination C) psychological discounting D) special-customer pricing E) first-degree price discrimination
Customer fraud includes all of the following EXCEPT:
a. Get something for nothing. b. Do not pay for goods purchased. c. Fraud perpetrated through collusion between buyers and vendors. d. Deceive organization into giving them something they should not.
Congress can create a statute on any topic at all
a. True b. False Indicate whether the statement is true or false