The formula for break-even analysis is:
A. total fixed costs divided by selling price plus marginal contribution.
B. total fixed costs divided by selling price minus variable cost per unit.
C. total variable costs divided by marginal contribution.
D. total sales divided by selling price plus variable cost per unit.
Answer: B
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Redman Corporation is a publicly held company that supplies tourniquets to medical emergency centers. The company maintains a noncontributory defined benefit pension plan for its employees. The Redman's actuary has provided the following information for the year ended December 31 . 2014: Projected benefit obligation .......................... $800,000 Accumulated benefit obligation
........................ 700,000 Fair value of plan assets ............................. 820,000 Service cost .......................................... 240,000 Interest on projected benefit obligation .............. 24,000 Amortization of unrecognized prior service cost ....... 60,000 Expected and actual return on plan assets ............. 82,000 Prior contributions to the defined benefit pension plan equaled the amount of net periodic pension cost accrued for the previous year end. If no contributions have been made for 2014 pension cost, what amount should Redman report in its December 31 . 2014, balance sheet for accrued pension cost? a. $218,000 b. $242,000 c. $324,000 d. $406,000
Waiting line models are often used for capacity planning
Indicate whether the statement is true or false
In Shapero v. Kentucky Bar Association the state bar association prohibited lawyers from soliciting business by sending truthful letters to prospective clients known to face possible legal action. The Supreme Court held that:
a. the state bar association could, under special circumstances, restrict First Amendment rights b. the state bar association did not violate the First Amendment c. the state bar association violated the First Amendment d. the state bar association was engaged in illegal activities e. none of the other choices are correct
The individual investor's optimal portfolio is designated by
A. the point of tangency with the indifference curve and the capital allocation line. B. the point of the highest reward to variability ratio in the indifference curve. C. the point of highest reward to variability ratio in the opportunity set. D. the point of tangency with the opportunity set and the capital allocation line. E. None of the options are correct.