A firm's break-even point in dollars can be found in one calculation using which of the following formulas?
a. FC/CM per unit
b. VC/CM
c. FC/CM ratio
d. VC/CM ratio
C
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Which of the following transactions will require an adjusting entry at the end of the year?
a. sold equipment for cash $20,000 making a gain of $2,000 b. purchased goods partly in cash and partly in credit c. received $12,000 rent for 6 months, including 2 months of the forthcoming year d. declared and paid $5,000 cash dividends e. paid $1,000 cash as freight expense
Examples of ethical lapses to avoid in business visuals include all of the following EXCEPT
A) including photos that play on racial or gender stereotypes. B) expanding the detail of a graphic in order to make it more readable. C) altering photos or graphs to hide information that could make you look bad. D) distorting the axes on a line chart to make sales look like they have increased significantly over previous years.