ACCT 346
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ACCT-346 Week 4 Midterm Exam (GRADED A) Questions and Answer elaborations
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ACCT-346 Week 4 Midterm Exam 1. (TCO 4) Which of the following will have no effect on the break-even point in units? (Points : 4) The selling price increases The variable cost per unit increase s The sales volume increases Total fixed costs increase 2. (TCO 4) Circle K Furniture has a contribution margin ratio of 16%. If fixed costs are $176,800, how many dollars of revenue must the company generate in order to reach the break-even point? (Points : 4) $1,105,000 $282,880 $1,060,800 $208,476 3. (...
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ACCT-346 Week 4 Midterm Exam (GRADED A) Questions and Answer elaborations
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ACCT-346 Week 4 Midterm Exam 1. (TCO 4) Which of the following will have no effect on the break-even point in units? (Points : 4) The selling price increases The variable cost per unit increase s The sales volume increases Total fixed costs increase 2. (TCO 4) Circle K Furniture has a contribution margin ratio of 16%. If fixed costs are $176,800, how many dollars of revenue must the company generate in order to reach the break-even point? (Points : 4) $1,105,000 $282,880 $1,060,800 $208,476 3. (...
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