When the level of output leads to sales revenue that covers the fixed and variable costs, this is called the Breakeven Point.
<h3>What happens at the Breakeven point?</h3>
This is the point where the company has sold enough units to make back its variable and fixed costs.
At this point, the company would be making $0 profits which is also considered in business to be the normal profit.
Find out more on normal profits at brainly.com/question/3522161.
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Answer:
Total debits balance = 8466
Explanation:
Cash = 480
Account receivable = 570
prepaid insurance = 96
Supplies = 270
Equipment = 4500
Salaries and wages expense = 1900
Rent expense = 650
Total debit balance on the trial balance = 8466 at dec 31,2022 because all above should be debit balance.
Answer: Perfect Competition
Explanation:
This is a situation prevailing in a market in which buyers and sellers are so numerous and well informed that all elements of monopoly are absent.
Because the internet make it so much easier for consumers to do research before making decision.
Through the internet, the consumers could know the credibility of a certain product by reading past experiences of other consumers that have used it before. Not only that, the consumers might know the side effects of the product which might be intentionally hidden by the producer.
Answer:
The correct answer is C
Explanation:
Money is the term which is described as something which serves as exchange medium, store of value and a unit of accounting. It is a exchange medium in the terms, that the person will agree to receive it by making a transaction.
In short, when depositing the money into any financial institution like banks, then this states the store of value function of the money.
Therefore, the one which is not the function of money is that it has the operations in the open market.
