Hanalei Fishing Trips Is Operating at Its Break-Even Point of 4,200

question 103

Multiple Choice

Hanalei Fishing Trips is operating at its break-even point of 4,200 fishing trips per year.Which of the following statements is true?

• A)The amount of the company's total costs equals the amount of its revenues.
• B)The company's fixed costs equal its variable costs.
• C)The company's profit is equal to its contribution margin.
• D)Assuming no other changes, if the company sold fewer trips, it will earn a higher contribution margin per trip.

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