You Will See the Message "There Is No Data to Report

question 40

Multiple Choice

You will see the message "there is no data to report" when -

• A) there are no journal entries for the dates selected for the report
• B) you sort the journal report by invoice number
• C) you filter the journal report by invoice number
• D) you choose to show corrections and there are no correcting entries

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Definitions:

Profit-Volume Chart

A chart used to assist management in understanding the relationship between profit and volume.

Break-Even Point

The level of production or sales at which total costs equal total revenues, resulting in no net loss or gain.

Horizontal Axis

A graph's base line for plotting and reading values, typically representing time or categories.

Operating Leverage

Operating leverage refers to the degree to which a company can increase operating income by increasing sales, highlighting the impact of fixed versus variable costs.