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gregori [183]
3 years ago
11

Which of the following statements best describes the function of the break-even point?a) It signifies the point at which the dem

and for a product is less than the total supply available.b) It signifies the point at which the demand for a product is less than the total supply available.c) It signifies the additional cost of manufacturing and marketing one additional unit of a product.d) It signifies the quantity at which the cost of a product equals the revenue generated from the product.e) It signifies the point at which a percentage decrease in the cost of product will result in a percentage increase in the demand for the product.
Business
1 answer:
swat323 years ago
3 0

Answer:

d) It signifies the quantity at which the cost of a product equals the revenue generated from the product.

Explanation:

As the name suggests "Break-EVEN" point is the point in which a specified amount of inventory sold would yield no profit because the amount of revenue is equal to the costs.

Stated differently, it is the point at which cost or expenses and revenue are equal: there is no net loss or gain, and the product has "broken even"

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Periodic Inventory Using FIFO, LIFO, and Weighted Average Cost Methods
SIZIF [17.4K]

Answer:

LIFO ending inventory $   544.00

Weighted average:      $    565.44‬

FIFO ending invetory:  $   590.00

Explanation:

weighted-average:

1,449 / 41 = 35,34

Ending Inventory

16 x 35.34

LIFo we pick the first 16 units as the latest were sold:

8 units at $ 33  =  $ 264

8 units at $ 35  =  $ 280

Total ending inventory $ 544

FIFo we pick the last as the first one are the first being sold

15 units at 37 = 555

1 unit at 35 =       35

total ending      590

7 0
3 years ago
Read 2 more answers
When evaluating service quality, _____ refers to the knowledge and courtesy of employees and their ability to convey trust. a. a
sesenic [268]

An assurance means the knowledge and courtesy of employees and their ability to convey trust.

<h3>What is an assurance?</h3>

This refers to the set of systematic activities that are intended to ensure that the objectives of a project are fit for purpose.

Hence, in evaluation of service quality, its means the knowledge and courtesy of employees and their ability to convey trust.

Therefore, the Option A is correct.

Read more about assurance

<em>brainly.com/question/13567395</em>

#SPJ1

6 0
2 years ago
When the price of a good or service is _________enough, it will encourage consumers to buy. However, the price also has to be __
asambeis [7]

Answer:

The correct words for the blank spaces are (<em>in that order</em>): low; high; opportunity; reservation.

Explanation:

For buyers and sellers to benefit from a transaction, the price of the goods or services offered must be at equilibrium. It implies the price is low enough for consumers to consider purchasing the product and high enough for producers to offer it earning a profit.

Besides, producers should consider their opportunity costs which are the costs of adding one more unit for production. On the other side of the road, consumers consumer their reservation price which is the maximum amount of money they could pay for a good or service based on the value they give to the product.

4 0
3 years ago
Is a measurement of the way suppliers respond to a change in price
KengaRu [80]

Answer:

Elasticity

Explanation:

Elasticity of supply is a measure of the way suppliers respond to a change in price.  

Good Luck!

3 0
3 years ago
Which of the following statements about cover letters is false?
Law Incorporation [45]

The false statement about cover letters is that: C. a cover letter is sent before a résumé so that the employer knows it is coming.

<h3>What is a cover letter?</h3>

A cover letter can be defined as a type of letter that is attached as an introduction and it generally accompanies another document such as a résumé.

This ultimately implies that, the false statement about cover letters is saying it's sent before a résumé to an employer of labor, so he or she knows it is coming.

Read more on cover letters here: brainly.com/question/24136973

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7 0
2 years ago
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