Homework Answers
Ans. Option A. Loss
Explanation: Loss is the excess amount of total cost over total revenue. Loss (or Profit) is the difference between total revenue and total cost.
Total revenues > Total costs = Gain on sale of product
Total revenues < Total costs = Loss on sale of product
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Figure 12-2 Costs Total cost and revenue Total revenue e C b 1,000 Quantity Refer to Figure 12-2. Suppose the firm is currently producing Q2goods. What happens if it increases production to Q3? A) It makes less profit. B) It breaks even. C) It has a lower loss. D) It will maximize the profit.
The amount by which actual or expected sales exceeds break-even sales is referred to as contribution margin margin of safety unanticipated profit. target net income. Question 22 Cost structure cannot be significantly changed by companies generally has little impact on profitability. refers to the relative proportion of fixed versus variable costs that a company incurs. refers to the relative proportion of operating versus nonoperating costs that a company incurs Question 19 The break-even point is where total sales equal total...
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The Warren Watch Company sells watches for $27, fixed costs are $190,000, and variable costs are $13 per watch. a. What is the firm's gain or loss at sales of 10,000 watches? Enter loss (if any) as negative value. Round your answer to the nearest cent. What is the firm's gain or loss at sales of 19,000 watches? Enter loss (if any) as negative value. Round your answer to the nearest cent. b. What is the break-even point (unit sales)?...
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