In a CVP graph, the area between the total cost line and the total fixed cost line yields the
a. fixed costs per unit.
b. total variable costs.
c. profit.
d. contribution margin.
B
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A fraud perpetrator uses the float time between banks to give the impression that he had money in his accounts. Which crime is he committing?
a. Floating b. Strip c. Spinning d. Kiting
Violation of the Money Laundering Control Act subjects any property involved in or traceable to the offense to forfeiture to the government.
Answer the following statement true (T) or false (F)
Which of the following is an example of competing on the basis of differentiation?
A) A firm manufactures its product with less raw material waste than its competitors do. B) A firm's products are introduced into the market faster than its competitors' products are. C) A firm's distribution network routinely delivers its product on time. D) A firm offers more reliable products than its competitors do. E) A firm advertises more than its competitors do.
Which of the following rules is essential for successful cash flow estimates, and ultimately, to successful capital budgeting analysis?
A. The return on invested capital is the only relevant cash flow. B. Only incremental cash flows are relevant to the accept/reject decision. C. Total cash flows are relevant to capital budgeting analysis and the accept/reject decision. D. Sunk cost is affected by accept/reject decisions and considered while estimating incremental cash flows. E. Opportunity cost has no impact on the cash flows and is not included in cash flow estimation.