The break-even point is equal to
A) fixed costs divided by (sales price per unit - variable cost per unit).
B) fixed costs divided by selling price per unit.
C) (sales price per unit - variable cost per unit) times the fixed costs.
D) fixed costs divided by unit variable costs.
A
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The bookkeeper of Fire Steel, Inc. recorded a $1,503 check as $15,030 in payment of the current month's rent. Which of the following journal entries is needed to adjust for this error in the books of the company?
A) Cash 13,527 Sales Revenue 13,527 B) Rent Expense 15,030 Cash 15,030 C) Cash 13,527 Rent Expense 13,527 D) Booking Error 1,503 Cash 1,503
Retailers benefit from co-op advertising in all of the following ways, except:
A) they can expand their advertising program at a low cost B) benefit from the image of promoting a national brand C) attract new and additional customers to their store because of national brands D) receive money in advance to cover the costs of advertising