Hanalei Fishing Trips is operating at its break-even point of 4,200 fishing trips per year. Which...
Hanalei Fishing Trips is operating at its break-even point of 4,200 fishing trips per year. Which of the following statements is true?
Group of answer choices
The company’s fixed costs equal its variable costs.
The amount of the company’s total costs equals the amount of its revenues.
Assuming no other changes, if the company sold fewer trips, it will earn a higher contribution margin per trip.
The company’s profit is equal to its contribution margin.
Homework Answers
At Breakeven point total revenue equal total expenses. Total expense are variable expense plus fixed expenses.
At Breakeven:
Total revenue = Variable expense + Fixed expense
The amount of the company’s total costs equals the amount of its revenues
2nd option
Add Answer to:
Hanalei Fishing Trips is operating at its break-even point of
4,200 fishing trips
per
year. Which...
The amount by which actual or expected sales exceeds break-even sales is referred to as contribution...
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...
If Company X is operating above its break-even point, which of the following is always true?...
If Company X is operating above its break-even point, which of the following is always true? A) Its total variable costs are less than its total fixed costs. B) Its total contribution margin is greater than its total variable costs. C) Its total contribution margin is greater than its total fixed costs. D) Its selling price is higher than per-unit variable cost.
Knowledge Check 03 Once the break-even point has been reached, net operating income will increase by...
Knowledge Check 03
Once the break-even point has been reached, net operating income
will increase by the amount of the _____ for each additional unit
sold.
unit contribution margin
unit selling price
variable expense per unit
fixed expense per unit
Knowledge Check 04
Break-even point is the level of sales at which ______.
total profits equals total costs
total profits exceed total costs
total revenue equals total costs
total sales equal total projections
Knowledge Check 01 Atlas Corporation sells 100...
Which of the following is accurate? The break-even point occurs when the total contribution margin equals...
Which of the following is accurate? The break-even point occurs when the total contribution margin equals total fixed costs. The break-even point occurs when the total contribution margin equals total costs. The break-even point occurs when the total contribution margin is zero. The break-even point occurs when the contribution margin per unit is zero. None of the above.
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.
Target Income and Margin of Safety At the break-even point, sales and costs are exactly equal....
Target Income and Margin of Safety At the break-even point, sales and costs are exactly equal. However, the goal of most companies is to make a profit. When a company decides that it wants to earn more than the break-even point of income, it must define the amount it thinks it will realistically make. By modifying the break-even equation, the sales required to earn a target or desired amount of profit may be computed. Complete the following: If a company...
If a company is operating at the break-even point: Multiple Choice its contribution margin will be...
If a company is operating at the break-even point: Multiple Choice its contribution margin will be equal to its variable expenses. its margin of safety will be equal to zero its fixed expenses will be equal to its variable expenses. its selling price will be equal to its variable expense per unit.
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....
All of the following are assumptions required to perform break-even and target profit calculations except: Group...
All of the following are assumptions required to perform break-even and target profit calculations except: Group of answer choices Costs can be separated into fixed and variable components. Contribution margin ratio remains constant for each product, segment, or department. Break-even points can only be calculated for single product companies. Sales mix remains constant with changes in sales volume. None of the answer choices is correct.
The Dean Company has sales of $118,000, and the break-even point in sales dollars of $75,520....
The Dean Company has sales of $118,000, and the break-even point in sales dollars of $75,520. Determine the company's margin of safety percentage. Round answer to the nearest whole number. 36 % The Tom Company reports the following data. Sales $259,369 Variable costs 135,269 Fixed costs 51,100 Determine Tom Company's operating leverage. Round your answer to one decimal place. The Atlantic Company sells a product with a break-even point of 4,963 sales units. The variable cost is $101 per unit,...
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...
Knowledge Check 03
Once the break-even point has been reached, net operating income
will increase by the amount of the _____ for each additional unit
sold.
unit contribution margin
unit selling price
variable expense per unit
fixed expense per unit
Knowledge Check 04
Break-even point is the level of sales at which ______.
total profits equals total costs
total profits exceed total costs
total revenue equals total costs
total sales equal total projections
Knowledge Check 01 Atlas Corporation sells 100...
Which of the following is accurate? The break-even point occurs when the total contribution margin equals total fixed costs. The break-even point occurs when the total contribution margin equals total costs. The break-even point occurs when the total contribution margin is zero. The break-even point occurs when the contribution margin per unit is zero. None of the above.
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.
If a company is operating at the break-even point: Multiple Choice its contribution margin will be equal to its variable expenses. its margin of safety will be equal to zero its fixed expenses will be equal to its variable expenses. its selling price will be equal to its variable expense per unit.
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....
The Dean Company has sales of $118,000, and the break-even point in sales dollars of $75,520. Determine the company's margin of safety percentage. Round answer to the nearest whole number. 36 % The Tom Company reports the following data. Sales $259,369 Variable costs 135,269 Fixed costs 51,100 Determine Tom Company's operating leverage. Round your answer to one decimal place. The Atlantic Company sells a product with a break-even point of 4,963 sales units. The variable cost is $101 per unit,...
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