A Major Contributing Factor to the Number of Latchkey Children

question 34

Multiple Choice

A major contributing factor to the number of latchkey children is the increase in the number of

• A)community support groups.
• B)day-care centers.
• C)two-parent households.
• D)working mothers.

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Definitions:

Breakeven

The point at which total costs and total revenue are equal, resulting in no net loss or gain.

Sales

The exchange of a commodity or service for money; the action of selling something.

Variable Costing

A costing method that includes only variable manufacturing costs (direct materials, direct labor, and variable manufacturing overhead) in product costs and treats fixed manufacturing overhead as a period expense.

Generally Accepted Accounting Principles

A set of accounting standards, guidelines, and procedures used in the preparation of financial statements to ensure consistency and transparency.