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Karo-lina-s [1.5K]
4 years ago
10

Give an example of a case where a cost and a revenue function do not have a break-even point.

Business
2 answers:
inessss [21]4 years ago
6 0

Answer:

When profit margin exceed losses

Explanation:

Firstly Break even point is a point where revenue equals cost.

A typical example of a scenario where cost and revenue function does not have a break even point includes, when the profit margin of any given company or individual is higher when compared to the losses of the company or individual. For there to exist a break even point, company or individuals sales have to fall considerably such that revenue equals cost( no profit,no loss).

oee [108]4 years ago
5 0
 An example of a case where a cost and revenue function do not have a break even point includes, when the profit margin is larger than the losses of the business. 
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On January 1, 2021, Avondale Lumber adopted the dollar-value LIFO inventory method. The inventory value for its one inventory po
Gelneren [198K]

Answer:

Avondale Lumber

Rebasing the Inventory at year-end using the dollar-value LIFO inventory method:

Year Ended     Inventory year     Cost index                Inventory Amount

December 31   end costs       (relative to base year)     at year-end

2021                  $340,000                  1.02                       $333,333

2022                   350,000                  1.06                       $330,189

2023                   400,000                  1.07                       $373,832

2024                   430,000                  1.10                       $390,909

Explanation:

a) Data:

Year Ended     Inventory year     Cost index

December 31   end costs       (relative to base year)

2021                  $340,000                  1.02

2022                   350,000                  1.06

2023                   400,000                  1.07

2024                   430,000                  1.10

b) The inventory at year-end costs is rebased using the cost index that is relative to the base year, by dividing the inventory costs by the cost index.

7 0
3 years ago
Which can be considered disadvantages of sole proprietorships and partnerships? Partnerships require many people to write a char
Anton [14]
Answer; 
Sole proprietorship requires one person to do many things, while partnerships requires many people to weigh in on decisions.

Explanation; 
Both partnerships and sole proprietorship are forms of business units, and both have disadvantages and advantages; 
Some of the disadvantages of partnerships is that; the liability of the partners for the debts of the business is unlimited and also each partner is liable for the partnership's debts; that is each partner is liable for their share of the partnership debts as well as being liable for all the debts. 
A sole trader on the other hand; has disadvantages such as having unlimited liability for debts, capacity to raise capital is limited, among others.
6 0
4 years ago
Read 2 more answers
________ is the shift from people making their own fun to people purchasing it as goods and services.
Greeley [361]

The commodification of recreational activities is the shift from people making their own fun to people purchasing it as goods and services.

<h3>What is commodification?</h3>

This is when values are assigned to objects or things which are previously meant for fun. Commodification occurs when something that used to have intrinsic value gradually develops a monetary value like water, or sunshine, or knowledge as an example.

Here, human and socio cultural value are converted into market value which also applies to goods, services, ideas, and other forms and products.

Commodification provides benefit to a business environment which includes opportunities for developing new products and services inorder to meet ever changing customer needs and demand.

Learn more about commodification here: brainly.com/question/13235742

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6 0
2 years ago
Ignoring your cell phone when it rings during a conversation with a friend is an example of ___________. a. being rude b. attend
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Answer:

B

Explanation:

4 0
4 years ago
Read 2 more answers
Grouper Inc. is involved in a lawsuit at December 31, 2020. Prepare the December 31 entry assuming it is probable that Grouper w
goldenfox [79]

Answer:

Grouper Inc. is involved in a lawsuit at December 31, 2020

It is given that Grouper will be liable for $863,600 as a result of this suit. Therefore, the journal entry for this situation is as follows;

On December 31, 2020

Lawsuit loss  A/c  Dr. $863,600

       To Lawsuit liability               $863,600

(To record the lawsuit loss of the Grouper Inc.)

8 0
4 years ago
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