CHAPTER 1 – COST VOLUME PROFIT- MULTIPLE CHOICE QUESTIONS 1. CVP analysis can be used to study the effect of: A. changes in selling prices on a company ’s profitability. B. changes in variable costs on a company ’s profitability. C. changes in fixed costs on a company ’s profitability. D. changes in product sales mix on a company ’s profitability. E. All of these. 2. The break-even point is that level of activity where: A. total revenue equals total cost. B. variable cost equals fixed cost. C. total
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Emily Arochi Plain View/Open Fields ADJ/275 February 7‚ 2010 In our readings the plain view doctrine states “that items that are within the sight of an officer who is legally in a place from which the view is made may properly be seized without a warrant—as long as such items are immediately recognizable as subject to seizure”. There are some requirements of the plain view doctrine. One requirement is the awareness of the items solely through the officer’s sight. Another requirement is that
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where and how health care related resources should be spent‚ “cost-per-QALY” is one of them that have received considerate academic attention over the last few decades (Alder‚ 2006). As such‚ it is key to investigate if this particular criteria has a legitimate weight in this allocation decision process‚ and if so‚ within which boundaries. To do so‚ in a first section I will briefly define
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I have used Sarah Plain and Tall by Patricia MacLachlan many times in a guided reading group. It is the story if Sarah‚ who moves from Maine to the prairie when she answers the advertisement for a wife. She decides to try this out for a month and care for Anna and Caleb whose mother has dies. Sarah tells the family that they will recognize her when she arrives because she is "plain and tall." She brings with her a cat and gifts from the ocean. The story revolves around Caleb and Anna and their
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December 10-11‚ 2012 1. The diagram below depicts a system of aqueducts that originate at three rivers (nodes R1‚ R2 and R3) and terminate at a major city (node T) where the other nodes are junction points in the system. Using units of thousands of acre feet‚ the tables below show the maximum amount of water that can be pumped through each aqueduct per day and the following diagram shows the network of the system. From/To A R1 75 R2 40 R3 B 65 50 80 C 60 70 From/To D A 60 B 70 C E 45 55 70 F 45
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1. Which of the following would increase the likelihood that a company would increase its debt ratio in its capital structure? a. An increase in costs incurred when filing for bankruptcy. b. An increase in the corporate tax rate. c. An increase in the personal tax rate. d. None of the statements above is correct. ANSWER: B An increase in the corporate tax rate would mean that firms would get larger tax breaks for interest payments. Therefore‚ firms have an incentive to increase interest payments
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minutes) (LO1 CC3‚ 4) 1. The Afl5.60 per drum general overhead cost is not applicable to the decision‚ since this cost will be the same paying little mind to whether the organization chooses to make or purchase the drums. Likewise‚ the present depreciation figure of Afl3.20 per drum is not an applicable cost‚ since it speaks to a sunk cost notwithstanding the way that the old gear is exhausted and should be supplanted. The cost depreciation of the new gear is an applicable cost‚ since the new hardware
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following data are available regarding the models: DVD Selling Price per unit Model LX1 Model LX2 Model LX3 $175.00 $250.00 $300.00 Variable Cost per unit $100.00 $125.00 $140.00 Demand/Year Units 2000 1000 500 VCI is considering the addition of a fourth model to its line of DVDs. This model would be sold to retailers for $375. The variable cost of this unit is $225. The demand for the new Model LX4 is estimated to be 300 units per year. Sixty percent of these unit sales of the new model is expected
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Cost Per Output and Cost Per Outcome Response Cost per outcome is the total cost of all units of service. Very simply‚ if you don’t know what it costs to achieve a certain output/outcome‚ you can’t know how much to charge for your services. A budget systems model is the foundation from which budgeting systems can be used to evaluate the success of an agency or company. Human Service Agencies receive pay based on how many people are helped‚ taking into account the cost of providing the services
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Health services managers are essentially interested in how costs are affected by changes in volume. Cost behavior refers to a cost ’s reactions to activity level. A cost may rise‚ fall‚ or remain constant as activity levels fluctuate. We can classify several types of costs on the basis of their relationship to the amount of services provided‚ often referred to as activity‚ utilization‚ or volume (Gapenski‚ 2012). When dealing with the future there is a level of uncertainty of volume with regard
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