Thebreak even point is located at the intersection of the total revenue line andthe total expenses line on a cost volume profit graph.
举一反三
- Bottom line is an informal term for ______. A: top line B: net income C: total revenue D: gross profit
- Gross profit is calculated as: A: Total sales - cost of sales - selling, general and administrative expenses - depreciation and amortization B: Total sales - cost of sales - selling, general and administrative expenses C: Total sales - cost of sales D: None of the above
- 总收益=价格*销售量，其中“总收益”的字母表示为（ ）。 A: TR（total revenue） B: TP（total Profit） C: TI（total income ） D: TC （total cost）
- When the total revenue is equal to total cost, the are said to be at the break-even point.
- Economic profit is A: both b and c B: the difference between total revenue and the implicit costs of using owner-supplied resources. C: the difference between accounting profit and the opportunity cost of the market-supplied resources used by the firm. D: the difference between accounting profit and explicit costs. E: the difference between total revenue and the opportunity cost of all of the resources used in production.