Fin 308 test 2 ACTUAL UPDATED QUESTIONS AND CORRECT ANSWERS
Joan purchases a government bond from $10,000 that Both A and B above are correct (both are effective, and Jim is more efficient)
pays 7% annual interest.. Jim purchases $20,000 worth of
corporate bonds that pay 10% annual interest. If Joan's
goal is to eaarn $700 per year on her investment, and
Jim's goal is to earn $2000 per year on his, then...
Obtaining the highest possible return with the minimum efficiency
use of resources committed is the basic definition of...
accomplishing a specific task or reaching a goal is the effectiveness
basic definition of...
Sam quit his job as an accountant with We Keep Books accounting profit of $40000
Accurately to open his own accounting firm. He earned
$40000 with the accounting firm. During the current year
same had revenues of $150000 and total expenses of
$110000. Sam earned an...
Sam quit his job as an accountant with We Keep Books accounting profit of $40000 and an entrepreneurial loss of $40000
Accurately to open his own accounting firm. He earned
$40000 with the accounting firm. During the current year
same had revenues of $150000 and total expenses of
$110000. Sam earned an...
Sam quit his job as an accountant with We Keep Books accounting profit of $80000 and an entrepreneurial profit of $40000
Accurately to open his own accounting firm. He earned
$40000 with the accounting firm. During the current year
same had revenues of $190000 and total expenses of
$110000. Sam earned an...
Sam quit his job as an accountant with We Keep Books $40000
Accurately to open his own accounting firm. He earned
$40000 with the accounting firm. During the current year
same had revenues of $150000 and total expenses of
$110000. For Sam, the opportunity cosst of going into
business was...
, profitability is the same as return on investment
You invested $5000 in the Cog corporation and $5000 in Gear is more efficient than Cog
the Gear corporation. Both of these corporations have
$100 million in total assets. The Cog corp had a net profit
of $5 million and the Gear corp had a net profit of $10
million. You read their annual reports and both
companies had established a goal of having a net profit
equal to 15% of total assets.
You invested $5000 in the Cog corporation and $5000 in Cog is effective and more efficient than Gear
the Gear corporation. Both of these corporations have
$100 million in total assets. The Cog corp had a net profit
of $5 million and the Gear corp had a net profit of $10
million. You read their annual reports and both
companies had established a goal of having a net profit
equal to 10% of total assets.
in order to determine the break-even point, we must all of the above (variable costs, fixed costs, and sales)
identify several variables. At a minimum we must know
Normally to compute break even, the manufacturing firm discrete units; sales dollars
will use ____ and the retail firm will use ____.
break even analysis is the process of determining _____ how many units must be produced, or how much revenue must be obtained.
before we begin earning a profit.
the contribution margin in break even analysis is derived variable cost per unit from price
by subtracting
all of the costs that a firm must pay, even if there are no fixed costs
sales, are
the basic formula for calculating break even is FC/(P-VC)
refer to table 5-1. the steel shelf company will break even 500-10000
with a monthly production of___ units, and sales of ___
dollars
refer to table 5-1. the steel shelf company has variable $10.00
costs per unit of
refer to table 5-1. the steel shelf company charges a price $20.00
of ___ per unit
refer to table 5-1. at 600 units of production, the steal $1000
shelf company will make a profit of
refer to table 5-1. at 600 units of production, the steel $12000
shelf company has total revenue of
Joan purchases a government bond from $10,000 that Both A and B above are correct (both are effective, and Jim is more efficient)
pays 7% annual interest.. Jim purchases $20,000 worth of
corporate bonds that pay 10% annual interest. If Joan's
goal is to eaarn $700 per year on her investment, and
Jim's goal is to earn $2000 per year on his, then...
Obtaining the highest possible return with the minimum efficiency
use of resources committed is the basic definition of...
accomplishing a specific task or reaching a goal is the effectiveness
basic definition of...
Sam quit his job as an accountant with We Keep Books accounting profit of $40000
Accurately to open his own accounting firm. He earned
$40000 with the accounting firm. During the current year
same had revenues of $150000 and total expenses of
$110000. Sam earned an...
Sam quit his job as an accountant with We Keep Books accounting profit of $40000 and an entrepreneurial loss of $40000
Accurately to open his own accounting firm. He earned
$40000 with the accounting firm. During the current year
same had revenues of $150000 and total expenses of
$110000. Sam earned an...
Sam quit his job as an accountant with We Keep Books accounting profit of $80000 and an entrepreneurial profit of $40000
Accurately to open his own accounting firm. He earned
$40000 with the accounting firm. During the current year
same had revenues of $190000 and total expenses of
$110000. Sam earned an...
Sam quit his job as an accountant with We Keep Books $40000
Accurately to open his own accounting firm. He earned
$40000 with the accounting firm. During the current year
same had revenues of $150000 and total expenses of
$110000. For Sam, the opportunity cosst of going into
business was...
, profitability is the same as return on investment
You invested $5000 in the Cog corporation and $5000 in Gear is more efficient than Cog
the Gear corporation. Both of these corporations have
$100 million in total assets. The Cog corp had a net profit
of $5 million and the Gear corp had a net profit of $10
million. You read their annual reports and both
companies had established a goal of having a net profit
equal to 15% of total assets.
You invested $5000 in the Cog corporation and $5000 in Cog is effective and more efficient than Gear
the Gear corporation. Both of these corporations have
$100 million in total assets. The Cog corp had a net profit
of $5 million and the Gear corp had a net profit of $10
million. You read their annual reports and both
companies had established a goal of having a net profit
equal to 10% of total assets.
in order to determine the break-even point, we must all of the above (variable costs, fixed costs, and sales)
identify several variables. At a minimum we must know
Normally to compute break even, the manufacturing firm discrete units; sales dollars
will use ____ and the retail firm will use ____.
break even analysis is the process of determining _____ how many units must be produced, or how much revenue must be obtained.
before we begin earning a profit.
the contribution margin in break even analysis is derived variable cost per unit from price
by subtracting
all of the costs that a firm must pay, even if there are no fixed costs
sales, are
the basic formula for calculating break even is FC/(P-VC)
refer to table 5-1. the steel shelf company will break even 500-10000
with a monthly production of___ units, and sales of ___
dollars
refer to table 5-1. the steel shelf company has variable $10.00
costs per unit of
refer to table 5-1. the steel shelf company charges a price $20.00
of ___ per unit
refer to table 5-1. at 600 units of production, the steal $1000
shelf company will make a profit of
refer to table 5-1. at 600 units of production, the steel $12000
shelf company has total revenue of
