Answer the following statements true (T) or false (F)
1. Fixed costs divided by contribution margin per unit equals the breakeven point in unit sales.
2. Fixed costs divided by the contribution margin ratio equals the breakeven point in sales dollars.
3. In a cost-volume-profit (CVP) graph, the breakeven point is where the sales revenue line intersects the fixed cost line.
4. The breakeven point is the point where the sales revenues are equal to the total variable costs plus the total fixed costs.
5. Sensitivity analysis allows managers to see how various business strategies will affect profit levels.
1. True
2. True
3. False
4. True
5. True
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Which item should NOT be included in a report supplement unless the reader has specifically requested it?
a. Appendix b. Glossary c. Source list d. Tables and charts
What is the best advice for making effective telephone calls?
A) Because a telephone call is more personal than other forms of communication, use the telephone whenever possible to contact someone. B) Plan a mini-agenda before placing a telephone call. C) The responsibility for ending a call lies with the person receiving the call. D) Leave the most concise voice mail message possible, ideally mentioning only your name to save the receiver time when listening to it.
Syrio's Swords has net sales of $1,170,000, net income of $80,000, average current assets of $48,000, average fixed assets of $182,000, and average total assets of $230,000. What is Syrio's return on assets? (Round your final answer to the nearest percentage.)
A) 35% B) 7% C) 44% D) 167%
It is the chief information officer's responsibility to establish and communicate the information systems (IS) priorities to the executive group.
Answer the following statement true (T) or false (F)