Accounting Medium The set of all the occurrences that may happen in near future or in any other fixed time are called __________? A events ✓ B distribution ✓ C outcome ✓ D actions ✓ AK Ali Khan 4 months ago
Accounting Medium If the gross margin is $9000 and the cost of goods sold is $8000 then the revenue will be _________? A $1,000 ✓ B −$1000 ✓ C $17,000 ✓ D −$17000 ✓ AK Ali Khan 4 months ago
Accounting Medium The formula to calculate the contribution margin is ___________? A revenue – all variable cost ✓ B revenue + all variable cost ✓ C cost + revenue ✓ D revenue – breakeven units ✓ AK Ali Khan 4 months ago
Accounting Medium If the margin of safety is $25000 and the budgeted revenue is $45000, then the margin of safety in percentage will be __________? A 55.56% ✓ B 25.50% ✓ C 28% ✓ D 45.00% ✓ AK Ali Khan 4 months ago
Accounting Medium If the breakeven revenue is $360000 and the revenue per bundle is $12000, then the number of bundles to be sold to breakeven can be ___________? A 52 bundles ✓ B 48 bundles ✓ C 45 bundles ✓ D 30 bundles ✓ AK Ali Khan 4 months ago
Accounting Medium If the contribution margin is $72000 and the operating income is $12000, then the degree of operating leverage would be ___________? A 8 ✓ B 7 ✓ C 6 ✓ D 5 ✓ AK Ali Khan 4 months ago
Accounting Medium If the contribution margin is $25000 and the revenues are $60000, then all the variable costs will be __________? A −$85000 ✓ B −$35000 ✓ C $85,000 ✓ D $35,000 ✓ AK Ali Khan 4 months ago
Accounting Medium If the fixed cost is $65000 and the contribution margin percentage for the bundle is 0.575, then the breakeven revenue will be ____________? A $113,043.48 ✓ B $1,200,000 ✓ C $130,000 ✓ D $140,000 ✓ AK Ali Khan 4 months ago
Accounting Medium If the contribution margin of bundle is $45000 and the revenue of the bundle is $15000, then the contribution margin percentage for bundle will be ___________? A 6% ✓ B 3% ✓ C 9% ✓ D 12% ✓ AK Ali Khan 4 months ago
Accounting Medium The graph, which shows the change in sold quantity and its effect on operating income is called ___________? A PV graph ✓ B CV graph ✓ C SO graph ✓ D QI graph ✓ AK Ali Khan 4 months ago