Within the relevant range, the total fixed costs and the variable cost per unit remain the same
Indicate whether the statement is true or false
TRUE
Business
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When an individual purchases merchandise in a retail store using a credit or debit card which they insert into or swipe through a magnetic card reader, what type of electronic banking service are they using?
a. Automatic teller machines b. Point-of-sale terminals c. Electronic check conversion d. Automated clearinghouses
Business
A 4 year project is estimated to produce a product with the following information: selling price = $57 per unit; variable costs are $32 per unit; fixed costs are $9,000; required return is 12%; initial investment = $18,000. Calculate the accounting break-even.
A) 540 B) 490 C) 525 D) 597
Business