Homework Answers
Answer
1. e) a,b & c above
In a nonlinear break even model there will be one or more components in the profit equation as nonlinear.
It requires the use of some calculus in order to find the derivative of the profit function and to find the optimal price which will maximze the profit.
It then uses the same basic approach as in the linear models
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1. What is true about Nonlinear break even models? (multiple choice, circle only one) (a) Occur...
Which statement about the break-even point is false: Multiple Choice The break-even point is where sales...
Which statement about the break-even point is false: Multiple Choice The break-even point is where sales are equal to variable costs. The break-even point can be expressed in both units sold and in sales dollars. The break-even point is where contribution margin is equal to fixed costs. O O The break-even point is the level of sales at which point profit is zero.
help with 138, 139, 140. 141 138. In break-even analysis: a) when total costs = total...
help with 138, 139, 140. 141
138. In break-even analysis: a) when total costs = total revenues, it is the breakeven point b) Very important to know for a new venture the entrepreneur c) Provides a good account of the notential of the new venture to investors d) All of the above are true 139.In an income statement: a) Operating profit measures financial leverage b) Gross profit - operating expenses = operating profit c) Both of the above are true...
Multiple Choice Questions (circle the one most appropriate answer) 10. A correction of an error in...
Multiple Choice Questions (circle the one most appropriate answer) 10. A correction of an error in prior periods' income will be reported: In the current income statement Net of tax A. Yes Yes B. No No C. Yes No D. No Yes 11. For Viggo Company, the following information is available: Cost of goods sold $340,000 Dividend revenue 30,000 Income tax expense 34,000 Operating expenses 210,000 Sales revenue 690,000 In Viggo’s multiple-step income statement, gross...
please answer all 4 multiple choice questions In cost-volume-profit analysis, a multiple-product problem is converted into...
please
answer all 4 multiple choice questions
In cost-volume-profit analysis, a multiple-product problem is converted into a single-product problem by: a. determining the unit variable cost. b. determining the sales prices. C. defining a particular sales mix in units. d. defining the features of the products. Burlywood Company sells two products that are expected to produce total revenue of $198,077 and total variable cost of $128.750 next year Total fixed cost is expected to equal $43.650. Determine the break-even point...
MULTIPLE-CHOIC 4-1 If the variable cost per unit goes Break-even point increases. decreases. decreases. increases remains...
MULTIPLE-CHOIC 4-1 If the variable cost per unit goes Break-even point increases. decreases. decreases. increases remains unchanged Contribution margin a. increases b. increases c. decreases d. decreases e. decreases 4.2 The amount of revenue required to earn a targeted profit is equal to total fixed cost divided by contribution margin. a. total fixed cost divided by the contribution margin ratio. targeted profit divided by the contribution margin ratio. d. total fixed cost plus targeted profit divided by contribution margin ratio....
ercises Chapter One Saved 1 Problem 3-17A (Algo) Determining the break-even point and preparing a contribution...
ercises Chapter One Saved 1 Problem 3-17A (Algo) Determining the break-even point and preparing a contribution margin income statement LO 3-1 Ritchie Manufacturing Company makes a product that it sells for $180 per unit. The company incurs variable manufacturing costs of $100 per unit. Variable seling expenses are $17 per unit, annual fixed manufacturing costs are $460,000, and fixed selling and administrative costs are $195.200 per year Required Determine the break-even point in units and dollars using each of the...
MULTIPLE CHOICE. Choose the one alternative that best answers the question. 1) Dollar-value LIFO: A) Only...
MULTIPLE CHOICE. Choose the one alternative that best answers the question. 1) Dollar-value LIFO: A) Only is allowed for internal reporting purposes. B) Increases the recordkeeping costs of LIFO. C) Starts with ending inventory measured at current costs and re-creates LIFO layers for measuring inventory costs. D) None of these answer choices are correct. 2) Robertson Corporation's inventory balance was $22,000 at the beginning of the year and $20,000 at the end The inventory turnover ratio for the year was...
help these are multiple choice 20. When a firm employs no debt: a. It has a...
help these are multiple choice
20. When a firm employs no debt: a. It has a financial leverage of one b. It has financial leverage of zero C. Its operating leverage is equal to its financial leverage d. It will not be prifitable e. None of the above. 21. Under normal conditions, with 60% probability, financing Plan A produces a return $35,000 higher than Plan B; under tight money conditions, with 45% probability, Plan A produces a return of $40,000...
Show all work and explain please. For multiple choice questions, circle the one best answer or...
Show all work and explain please.
For multiple choice questions, circle the one best answer or letter (unless more than one answer is asked for). Show your work 011 free-response questions. Be sure to use proper units and significant figures in your final answers. Organization and neatness count, too. Do NOT use red ink - please reserve that color for grading. Suppose that a more massive planet M_1 and a less massive planet M_2 are located distance d apart, as...
Pchem help! Multiple Choice Circle the correct answer. (1 pt each) 1. Two gases at the...
Pchem help!
Multiple Choice Circle the correct answer. (1 pt each) 1. Two gases at the same temperature must have the same: a pressure b. volume c number of molecules d. kinetic energy per molecule e. more than one of these 2. A match is placed in an oxygen-filled cylinder that has a fixed volume. As the match burns, the chamber heats rapidly. What kind of change is demonstrated in this process? a. an isenthalpic change b. an adiabatic change...
Which statement about the break-even point is false: Multiple Choice The break-even point is where sales are equal to variable costs. The break-even point can be expressed in both units sold and in sales dollars. The break-even point is where contribution margin is equal to fixed costs. O O The break-even point is the level of sales at which point profit is zero.
help with 138, 139, 140. 141
138. In break-even analysis: a) when total costs = total revenues, it is the breakeven point b) Very important to know for a new venture the entrepreneur c) Provides a good account of the notential of the new venture to investors d) All of the above are true 139.In an income statement: a) Operating profit measures financial leverage b) Gross profit - operating expenses = operating profit c) Both of the above are true...
please
answer all 4 multiple choice questions
In cost-volume-profit analysis, a multiple-product problem is converted into a single-product problem by: a. determining the unit variable cost. b. determining the sales prices. C. defining a particular sales mix in units. d. defining the features of the products. Burlywood Company sells two products that are expected to produce total revenue of $198,077 and total variable cost of $128.750 next year Total fixed cost is expected to equal $43.650. Determine the break-even point...
MULTIPLE-CHOIC 4-1 If the variable cost per unit goes Break-even point increases. decreases. decreases. increases remains unchanged Contribution margin a. increases b. increases c. decreases d. decreases e. decreases 4.2 The amount of revenue required to earn a targeted profit is equal to total fixed cost divided by contribution margin. a. total fixed cost divided by the contribution margin ratio. targeted profit divided by the contribution margin ratio. d. total fixed cost plus targeted profit divided by contribution margin ratio....
ercises Chapter One Saved 1 Problem 3-17A (Algo) Determining the break-even point and preparing a contribution margin income statement LO 3-1 Ritchie Manufacturing Company makes a product that it sells for $180 per unit. The company incurs variable manufacturing costs of $100 per unit. Variable seling expenses are $17 per unit, annual fixed manufacturing costs are $460,000, and fixed selling and administrative costs are $195.200 per year Required Determine the break-even point in units and dollars using each of the...
MULTIPLE CHOICE. Choose the one alternative that best answers the question. 1) Dollar-value LIFO: A) Only is allowed for internal reporting purposes. B) Increases the recordkeeping costs of LIFO. C) Starts with ending inventory measured at current costs and re-creates LIFO layers for measuring inventory costs. D) None of these answer choices are correct. 2) Robertson Corporation's inventory balance was $22,000 at the beginning of the year and $20,000 at the end The inventory turnover ratio for the year was...
help these are multiple choice
20. When a firm employs no debt: a. It has a financial leverage of one b. It has financial leverage of zero C. Its operating leverage is equal to its financial leverage d. It will not be prifitable e. None of the above. 21. Under normal conditions, with 60% probability, financing Plan A produces a return $35,000 higher than Plan B; under tight money conditions, with 45% probability, Plan A produces a return of $40,000...
Show all work and explain please.
For multiple choice questions, circle the one best answer or letter (unless more than one answer is asked for). Show your work 011 free-response questions. Be sure to use proper units and significant figures in your final answers. Organization and neatness count, too. Do NOT use red ink - please reserve that color for grading. Suppose that a more massive planet M_1 and a less massive planet M_2 are located distance d apart, as...
Pchem help!
Multiple Choice Circle the correct answer. (1 pt each) 1. Two gases at the same temperature must have the same: a pressure b. volume c number of molecules d. kinetic energy per molecule e. more than one of these 2. A match is placed in an oxygen-filled cylinder that has a fixed volume. As the match burns, the chamber heats rapidly. What kind of change is demonstrated in this process? a. an isenthalpic change b. an adiabatic change...
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