The sales level at which operating income is zero is called the breakeven point
Indicate whether the statement is true or false
TRUE
You might also like to view...
Which of the following is one of the elements of stockholders' equity?
A) Income tax payable B) Dividends payable C) Retained earnings D) Accounts payable
Which of the following is true of the composition of the International Court of Justice?
A. It is composed of 15 judges. B. Its judges are elected to fifteen-year terms of office. C. Its members represent their governments. D. Its judges are elected by the European Commission.
Global Outfitters Outlet and Hyacinth, a consumer, enter into a contract for a sale of ultra-weather camping gear. If the contract includes a clause that is perceived as grossly unfair to Hyacinth, its enforcement may be challenged under
a. the mirror image rule. b. the principle of fair trade. c. the predominant-factor test. d. the doctrine of unconscionability.
Since 1958, Ray and Barbara Mensen have leased on a month-to-month basis a house owned by Helen and Clarence Haines (Clarence died in 1984). In 1963, discussions began between the two couples about the possibility of a purchase of the home. The Haineses
had hoped the Mensens would look after them in their old age, since the Haineses had no known relatives. Several drafts of the deed were produced, along with discussions that the property was being deeded to the Mensens in exchange for care and assistance for the Haineses. The deed giving the Mensens "the farm" was transferred to them sometime in December 1980 or January 1981 and recorded on January 13, 1981. The deed also included the following language: Part of the Northeast Quarter of the Northeast Quarter of Section 9 Township 16 North Range 13 East all in Douglas County Nebraska as recorded in the Douglas County Register of Deeds office. The Mensens did not deliver the promised care, and Helen Haines brought suit to have the deed declared void for failure of consideration and inadequacy of the description. Is the description adequate?