Question
NEED ANSWER QUICK! (sorry super important) 1. The percentage of a fixed cost over its revenues remains the same if the revenues remain the same.
NEED ANSWER QUICK! (sorry super important)
1. The percentage of a fixed cost over its revenues remains the same if the revenues remain the same. True or False?
2. The amounts ($) of fixed costs vary as revenues change. True or False?
3. The percentage (%) of a fixed cost over its revenues remains the same as the revenues change. True or False?
4. It's been noticed that the percentage (%) of a certain cost over revenues has declined over time as the revenues amount has grown. It can be concluded that this cost is a fixed cost. True or False?
5. If the dollar amount of a cost changes in the same direction as the changes of the revenues (over time), the cost is a fixed cost. True or False?
6. If the percentage (%) of a cost over time has remained at 15% of its revenues, the cost is a variable cost. True or False?
Thanks in advance
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started