Which of the Following Illustrates How the Level of Profits

question 45

Multiple Choice

Which of the following illustrates how the level of profits changes over different levels of output?

• A)Revenue-volume graph.
• B)Cost-revenue chart.
• C)Revenue-cost graph.
• D)Profit-volume graph.
• E)Profit-cost graph.

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Definitions:

Cash Receipts Journal

A financial journal that tracks all cash inflows or money received by a business, including sales, loans, and investments.

Cash Investment

Financial assets that are highly liquid and can be quickly converted into cash, or the act of placing money into financial schemes, shares, property, or a commercial venture with the expectation of achieving a profit.

Owner Recorded

The registration of assets, liabilities, or transactions by the owner in the financial records of a business.

Cash Payments Journal

A specialized accounting journal used to record all cash outflows or payments made by a business.