To break even, a business must ________.
A. sell enough units to cover all its costs
B. sell enough units to cover its fixed costs
C. sell enough units to earn a profit
D. sell enough units to cover variable costs
Answer: B
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Suppose a bank has $200 million as transaction deposits, and holds $25 million as reserves. If the reserve requirement is uniformly 10% on any positive amount, the bank's excess reserves equals
A. $25 million. B. $10 million. C. $5 million. D. $1 million.
Record the December 31 adjusting entries for the following transactions and events in general journal form. Assume that December 31 is the end of the annual accounting period. a. The Prepaid Insurance account shows a debit balance of $2,340, representing the cost of a two-year fire insurance policy that was purchased on October 1 of the current year and has not been adjusted to-date.b. The Store Supplies account has a debit balance of $400; a year-end inventory count reveals $80 of supplies still on hand.c. On November 1 of the current year, Rent Earned was credited for $1,500. This amount represented the rent earned for a three-month period beginning November 1.d. Estimated depreciation on store equipment is $600.e. Accrued salaries amount to $1,400.
What will be an ideal response?
Hao is a new lawyer in your real estate law firm who comes highly recommended to you because of his high intelligence and experience with real-estate law. You encourage him to be creative and use innovation in problem solving when working on cases. You are using which transformational factor?
A. intellectual stimulation B. contingent reward C. individualized consideration D. idealized influence
What are the different types of objectives that organizations can select to price their products or services?
What will be an ideal response?