​Table 71 Shows Revenue and Cost Information for Sally's Small Business

question 131

Multiple Choice

​Table 7.1 shows revenue and cost information for Sally's small business. Sally owns a small business that she operates in a building she owns. Given the information in the table below, Sally's accounting profit is equal to _____. ​
Table 7.1
​

• A)$80,000
• B)$50,000
• C)$65,000​
• D)$35,000​
• E)$24,000​

Identify and classify costs based on their behavior patterns (fixed, variable, and mixed costs).

Understand the concept of the break-even point and how to calculate it.

Recognize and apply different cost behaviors to various business scenarios through graph representation.

Calculate the operating income based on different levels of production and sales.