Breakeven Sales (in Dollars) = FIXED COST / Contribution Margin %

True

False

36. Say you invest 100,000 today. You will get 20,000 in year 1, 30,000 in year 2 and 40,000 in year 3. Is the project profitable when r = 15%? What is the Payback Period

1.11 years

3.3 years

25,000

-33,623

20. Financial Accounting is done for each department.

True

False

39. Accrual basis of accounting means more profits because I am not paying cash right away

True

False