Question
Please help!!! Johnson Company has the following Income Statement for the year ending 2019: Sales (50,000 units) $250,000 Variable cost of goods sold 100,000 Variable
Please help!!!
Johnson Company has the following Income Statement for the year ending 2019:
Sales (50,000 units) | $250,000 |
Variable cost of goods sold | 100,000 |
Variable selling and administrative costs | 50,000 |
Fixed cost of goods sold | 50,000 |
Fixed selling and administrative costs | 25,000 |
What was Johnson Companys breakeven point in total sales dollars?
Select one:
a. $187,500
b. $125,000
c. $25,000
d. $75,000
A Net Present Value (NPV) of zero means that:
Select one:
a. the internal rate of return is equal to the discount rate.
b. the internal rate of return is zero.
c. a project is not acceptable.
d. cash outflows over the life of the project exceed cash inflows.
A flexible budget is prepared using the standard costs allowed for the:
Select one:
a. optimum level of activity.
b. planned level of activity.
c. average level of activity of competitors.
d. actual level of activity experienced.
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