Break-even Y9 Business

Descripción

Quiz on Break even , created by Christina Situ on 26/02/2019.
Christina Situ
Test por Christina Situ, actualizado hace más de 1 año
Christina Situ
Creado por Christina Situ hace más de 5 años
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Resumen del Recurso

Pregunta 1

Pregunta
What is break-even (choose all options)
Respuesta
  • The break-even point for a business is where total revenue is the same as total costs.
  • Break even is when the business is making neither a profit or a loss
  • Break even is when you have positive cash flow
  • Break even is when the income and selling price is the same as total costs
  • Break-even is when your companies cash flow and revenue is the same
  • Break-even is when your costs and profit is the same

Pregunta 2

Pregunta
Contribution is the sum of selling price and variable costs
Respuesta
  • True
  • False

Pregunta 3

Pregunta
The point at which a business goes from loss into profit can be seen on:
Respuesta
  • a pie chart
  • a break-even chart
  • a bar chart
  • an organisation chart

Pregunta 4

Pregunta
A fixed cost is one that [blank_start]does not change as output changes[blank_end]
Respuesta
  • does not change as output changes
  • does change as output changes
  • does change as profit changes
  • does not change as profit changes

Pregunta 5

Pregunta
The difference between the break-even output level and the expected output is the [blank_start]break even revenue[blank_end]
Respuesta
  • break even revenue
  • area of loss
  • total fixed costs
  • margin of safety

Pregunta 6

Pregunta
Contribution in the break-even analysis is the difference between [blank_start]sales and variable costs[blank_end]
Respuesta
  • sales and variable costs
  • fixed costs and variable costs
  • fixed costs and sales
  • profit and loss

Pregunta 7

Pregunta
Total costs in break-even analysis are shown by [blank_start]fixed costs plus variable costs[blank_end]
Respuesta
  • fixed costs plus variable costs
  • fixed costs plus direct costs
  • sales less fixed costs
  • sales less variable costs

Pregunta 8

Pregunta
the formula for margin of safety= [blank_start]actual sales- break even[blank_end]
Respuesta
  • actual sales- break even

Pregunta 9

Pregunta
What is this?
Respuesta
  • Break even point

Pregunta 10

Pregunta
Break-even level of output also means the contribution
Respuesta
  • True
  • False
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