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

question 16

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 $y = 5.59 x + 837.5$ and that the total annual consumption of tuna in this country is given by $y = 1.49 x + 878.5$ , where consumption is measured in millions of pounds and $x$ is the number of years since 2010 . When consumption of salmon reaches consumption of tuna, what is the annual consumption of salmon?

• A) 894.89 million pounds
• B) 890.42 million pounds
• C) 893.4 million pounds
• D) 897.87 million pounds

Understand the treatment of cash and foreign currency transactions in financial reporting.

Describe the structure and significance of common-size balance sheets.

Know the differences in reporting standards and practices under U.S. GAAP and IFRS, especially in terms of liquidity and balance sheet ordering.

Understand how the cash flow statement relates to changes in the balance sheet and the importance of investing activities.