Variable expenses for Alpha Corporation are 40% of sales. What are sales at the break-even point, assuming that fixed expenses total $150,000 per year:
A. $600,000
B. $250,000
C. $375,000
D. $150,000
Answer: B
You might also like to view...
For Americans, what is the purpose of conversation?
A. share secrets B. establish and maintain friendships C. buy time when bored D. gain knowledge
Assuming that the corporation has a 21% marginal tax rate, which of the following statements is true?
A. Jacky, Inc issued 1,000 shares of 7%, $100 par preferred stock for $100,000. The after-tax cost of the $7,000 dividend paid was $5,530. B. Jacky, Inc. borrowed $500,000 and paid interest of $48,000; the after-tax cost of the interest was $37,920. C. Jacky, Inc issued 1,000 shares of 7%, $100 par preferred stock for $100,000. The after-tax cost of the $7,000 dividend paid was $1,470. D. Jacky, Inc. borrowed $500,000 and paid interest of $48,000; the after-tax cost of the interest was $10,080.
Which of the following principles states that a business's financial statements must report enough information for outsiders to make knowledgeable decisions about the company?
A) conservatism B) materiality concept C) disclosure principle D) consistency principle
Under the Truth In Lending Act, a lender must disclose all of the following EXCEPT ? A) the average percentage rate charged by competitors
B) the total of payments. C) the annual percentage rate (APR). D) the finance charge.