If Q equals the level of output, P is the selling price per unit, V is the variable cost per unit, and F is the fixed cost, then the break-even point in units is:
A. F ÷ [Q(P ? V)].
B. F ÷ (P ? V).
C. Q ÷ (P ? V).
D. V ÷ (P ? V).
Answer: B
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A company reports the following: Net income $160,000 Preferred dividends $10,000 Shares of common stock outstanding 20,000 Market price per share of common stock $35 The company's earnings per share on common stock is
a. $13.33 b. $8.50 c. $7.50 d. $35.00
What condition has contributed to the plight of palm oil plantation workers?
a. Many of the employees have very little skill needed to do the work. b. The plantations do not operate efficiently and therefore they consistently lose money. c. Plantations do not fall under any category for which the Malaysian government has planners. d. Ensuring sanitary conditions are not a high priority on the plantations.
Which of the following must stem from an enabling statute?
a. Substantive rules promulgated by an agency b. Procedural rules promulgated by an agency c. Substantive and procedural rules promulgated by an agency d. None of the above
Common size financial statements are prepared by converting dollar amounts to percentages.
Answer the following statement true (T) or false (F)