Which of the companies has the greatest variable cost?
What will be an ideal response?
Answer: The variable cost is reflected by the slope, and the line representing company A starts lower than the others on the left side of the graph and ends higher than all others, thus it must have the greatest slope and therefore highest variable cost.
You might also like to view...
Which statement concerning notes receivable is false?
A) Notes receivable initially should be recorded at the present value of the future cash receipts. B) All notes implicitly include interest. C) The account Discount on Notes Receivable is a contra-revenue account .. D) The account Notes Receivable Dishonored is an asset account.
When bonds payable are converted into stock, the carrying value of the bonds should be
a. credited to Retained Earnings. b. credited to contributed capital accounts. c. debited to Retained Earnings. d. debited to Loss on Conversion of Bonds.
An attorney representing a client in an injury suit surveys the jury panel and finds that 30% of the potential jurors have experienced some type of job related injury. The attorney is hopeful that he will have six of the twelve jurors from this group. What is the probability that at least 6 jurors will have experienced a job-related injury?
Hardening a site means to take extraordinary measures to reduce a system's vulnerability
Indicate whether the statement is true or false