1) If fixed costs are $4,000 and variable cost per unit is $8.00. The sales pric

Question

1) If fixed costs are $4,000 and variable cost per unit is $8.00. The sales price is $16.00 What is the breakeven point in units? 400 500 600 800 none of these 2) The cash flow statement shows _____________. Cash in and cash out Profit and loss The financial position of the company All of the above none of the above. 3) Of the following, negative cash flow is most closely associated with _____________. a net loss a poor economy employees wages more cash in than out All of the above none of the above 4) OK, now let's make an income statement and answer a question. Use the following information to make an income statement and then select the correct net profit from the choices below. Sales =$100,000 Total Liabilities = $33,000 Total Expenses = $14,000 Accounts Receivables = $21,000 Cost of Goods Sold = $83,000 Cash in the Bank = $10,000. $3,000 $13,000 $34,000 $33,000 none of the above 5) Larry's Landscaping Company purchased a new tractor for cash. This would appear on the ___________ as a(n)_____________. balance sheet; asset income statement; liability income statement; expense income statement; gross profit cash flow statement; income

Explanation / Answer

1) 4000+8x = 16x x = 500 2)Cash in and cash out 3)a net loss 4)$3,00 5)balance sheet,asset

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