To Find the Number of Units That Gives Break-Even for the Product

question 125

Multiple Choice

To find the number of units that gives break-even for the product, solve the equation R $$\mathbf { R } = \mathbf { C }$$ ound your answer to the
nearest whole unit.
-Suppose that the total annual consumption of salmon in a certain country is given by $y = 7.39 x + 727.1$ and that the total annual consumption of tuna in this country is given by $y = 1.99 x + 808.1$ , where consumption is measured in millions of pounds and $x$ is the number of years since 2010. Find the year in which consumption of salmon reaches consumption of tuna.

• A) 2025
• B) 2028
• C) 2027
• D) 2023

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Definitions:

Adjusting Entries

Entries made in the accounting records at the end of an accounting period to allocate incomes and expenses to the period in which they actually occurred.

Expense Accounts

Accounts used to record the consumption of economic benefits during the operational activities of a business.

Asset Accounts

Asset Accounts are financial ledger accounts that report the value of tangible and intangible items owned by an entity, such as cash, inventory, and equipment.

Cash Basis

An accounting method where revenues and expenses are recognized only when cash is received or paid, regardless of when the transaction occurred.