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D $5,190 13. Which of the following usually increases as sales revenue increases A) B) C) D) Depreciation Capital assets Accounts receivable Long-term liabilities The TruGlass Bottle Company manufactures glass bottles for the beverage industry. Which of the following statements is correct about its breakeven point? A) B) C) D) The breakeven point refers to the quantity of sales that generates neither a profit of a loss The breakeven point refers to the amount of breakage and spoilage in the factory The breakeven point refers to the profit or loss generated by sales The breakeven point refers to the last straw for the company's bankers A Terminal Loss occurs when the selling price of a company's assets is A) B) C) D) Equal to the undepreciated capital cost (UCC) Higher than the UCC Less than the UCC Higher than the book value of the asset October 23 12 Machine B as it provides a HIVICE Machine B as it has a lower unit cost Machine A as it provides a higher income Machine A as it has a lower cost C) D) The breakeven chart for Denim Inc.'s new Wholly Bluejean line shows the net income line intersecting the zero line at 250,000 units. At this number of units, the total cost line reads $80,000,000 and the sales line reads $90,000,000. The jeans are expected to sell for $250. What conclusion can be drawn from this information? A) B) C) The breakeven point is 250,000 The breakeven point is 320,000 The breakeven point is 360,000 reakeven chart cannot be correct The ratio that is the best measure of a comnany's day-to-day operating performance is the A) B) C) D) Return on Equity Return on Capital Employed (ROCE) Operating profit margin Gross profit margin The Body Store has annual credit sales of $75,372,500 and average level of accounts receivable of $5,162,500. What is the company's average collection period for receivables? A) 2 days B) 3 days (C) 25 days D) 53 days Which of the following represents the most appropriate description of horizontal analysis? A) 3) An analyst prepares pro forma financial statements for the next five years An analyst compares financial ratios of a company over the last five years An analyst compares financial ratios for the current year for two companies An analyst develops ratios to determine how much the company needs to borrow October 23