If fixed costs decrease, but variable cost and price remain the same, the break-even point:
A) decreases.
B) increases.
C) remains the same.
D) may increase or decrease depending on sales.
Answer: A
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At the beginning of the year, a firm leased equipment on a capital lease, capitalizing $60,000 in its lease receivable account. The contract calls for December 31 payments of $15,000 . The lessor's annual reporting period ends December 31 and the contract reflects 10% interest. The lessee made the first payment as required. The direct method statement of cash flows for the lessor should reflect
which of the following in the first year of the lease contract (ignore noncash disclosures)? a. $6,000 operating cash flow; $9,000 investing cash flow b. $15,000 operating cash flow c. $6,000 operating cash flow; $9,000 addition reconciling adjustment d. $9,000 investing cash flow e. None of these answers is correct.
Companies can make strategic planning more effective by:
a. ensuring the participation of top management. b. ensuring that decision making is centralized. c. making strategic planning an annual exercise. d. avoiding cross-functional teams.
The size and type of the organization are two of the factors that should be considered when selecting the appropriate staffing alternatives for systems' utilization
Indicate whether the statement is true or false.
One who is in possession of a negotiable instrument that is drawn, issued, or indorsed to him or to his order or that is indorsed in blank is a(n):
A) bearer. B) holder. C) transferor. D) assignee.