A typical break-even analysis assumes that
A. the average variable cost is the same at different levels of output.
B. the demand curve faced by the firm is horizontal.
C. the total revenue curve is a straight line.
D. profits will grow continually beyond the break-even point.
E. All these answers are correct.
Answer: E
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Marco Insurance acquired shares of Penny Systems' common stock on December 28, 2013, for $400,000 and classified them as trading securities. The fair value of these securities on December 31, 2013, was $402,000 . Marco Insurance sold these shares on January 3, 2014, for $405,000. (Refer to the Marco Insurance) The journal entries to record acquisition of trading securities on December 28, 2013
a. Cash..................................................... 400,000 Marketable Securities.....................................400,000 b. Other Comprehensive Income..............400,000 Marketable Securities.....................................400,000 c. Marketable Securities..........................400,000 Other Comprehensive Income....................... 400,000 d. Marketable Securities..........................400,000 Cash................................................................400,000 e. Marketable Securities..........................400,000 Net Income.....................................................400,000
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Which principal focus area includes conducting seminars and workshops to increase diversity awareness and skill-building to help employees understand the need for, and meaning of, valuing diversity?
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