Question 6 2 pts You are given the following information: Income before interest and taxes Less: Interest expense Balance Less: Taxes (at 40% rate) Income after taxes Less: Preferred dividends Income available to common stockholders $600,000 (45,000) $555,000 (222,000) $333,000 (15,000) $318,000 The number of times interest was earned is: 12.33 7.40 13.33 33.33 Question 7 2 pts Given the following information, determine the times interest 500 om OW!! X Questi 21 A company has fixed costs of $30,000 making a product that sells for $40 and has a variable cost of $16. What is the break-even point in dollars? $ 60,000 $ 50,000 $ 30,000 $100,000 D Question 22 2 pts Variable costs and fixed costs can best be described by which of the following when related to changing production levels? Fixed costs vary per unit, but variable costs stay constant per unit. Variable costs stay constant in total amount but vary in unit cost. Fixed costs vary in total amount but stay constant in unit cost. Fixed costs stay constant per unit, but variable costs vary per unit. Settings pureu Piu J... T fixeu CUSIS UI Question 23 2 pts In a cost-volume-profit chart, the intersection of the total cost line with the sales line indicates the break-even point. True False Question 24 2 pts CVP analysis is a useful device to answer "What if?" questions about future operations. True False f New folder (54,5 Settings D Imported From Sa... Question 24 pes CVP analysis is a useful device to answer "What if?" questions about future operations. True False Question 25 2 pts Mixed costs contain a variable portion of cost that will be incurred even when the plant is idle and a fixed portion that will increase directly with production volume. True False s Imported From Sa... + New Folder 154,0 fixed costs of Question 6 2 pts You are given the following information: Income before interest and taxes Less: Interest expense Balance Less: Taxes (at 40% rate) Income after taxes Less: Preferred dividends Income available to common stockholders $600,000 (45,000) $555,000 (222,000) $333,000 (15,000) $318,000 The number of times interest was earned is: 12.33 7.40 13.33 33.33 Question 7 2 pts