If Break-Even Point Is 100 Units,each Unit Sells for $30,and

question 165

Multiple Choice

If break-even point is 100 units,each unit sells for $30,and fixed costs are $1000,then on a graph the:

• A)revenue line will start at $1000.
• B)total revenue line and the total cost line will intersect at $3000 of revenue.
• C)total cost line will be zero at zero units sold.
• D)All of these answers are correct.

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Definitions:

Subscription Revenue

Income generated from customers who pay a recurring price at regular intervals for access to a product or service.

Interest Accrue

The accumulation of interest expenses or revenues that have been incurred but not yet paid or received in cash.

Note Payment

The process of repaying the principal and/or interest on a promissory note or loan.

IFRS

International Financial Reporting Standards, which are a set of accounting principles used globally to ensure financial reporting consistency and transparency.