Round the Figure to the Nearest Dollar

question 151

Multiple Choice

Round the figure to the nearest dollar.
-$5,282.52

• A)$5,282.5
• B)$5,282.52
• C)$5,283
• D)$5,282

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Definitions:

Variable Costs

Expenses that vary directly with the production output or activity levels.

Break-Even Sales

The amount of revenue needed to cover total costs, at which point a business neither makes a profit nor incurs a loss.

Margin of Safety

Represents the difference between actual or planned sales and the break-even sales, indicating the amount by which sales can drop before the business incurs a loss.

Contribution Margin Ratio

A financial metric that measures the proportion of sales revenue that exceeds variable costs, indicating how much revenue contributes to fixed costs and profit.