On a CVP Graph,the Horizontal Line Intersecting the Vertical Y-Axis

question 7

Multiple Choice

On a CVP graph,the horizontal line intersecting the vertical y-axis at the level of total cost represents:

• A)total costs.
• B)total fixed costs.
• C)total variable costs.
• D)breakeven point.

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Definitions:

Cash Dividends

Dividends paid out in the form of cash from a corporation's earnings to its shareholders.

Dividends Paid

Payments made by a corporation to its shareholders, usually derived from the company's profits.

Assets

Economic resources or owned items of value, such as cash, property, equipment, that an individual, company, or country owns or controls with the expectation that it will provide future benefit.

Equity

The value of an ownership interest in property, including shareholders' equity in a corporation.