In the short term, it is essential for sales revenue to cover variable costs. In the long

Fantastic news! We've Found the answer you've been seeking!

Question:

In the short term, it is essential for sales revenue to cover variable costs. In the long term, it is essential for sales revenue to cover

variable costs

fixed costs

total costs

mixed costs

none of the listed answers

Related Book For answer-question

Exploring Economics

ISBN: 9781439040249

5th Edition

Authors: Robert L Sexton

See More Books

Posted Date: Dec 19, 2023 05:38 AM

See More Questions

Determine the force P required to force the 12 wedge under the 73-kg uniform crate which rests against the small stop at A. The coefficient of friction for all surfaces is 0.39. 2.2 m 40 1.0 m 73 kg...
Do you think globalization can be predatory? Taking a real-world example, justify your opinion. Also, suggest strategies that companies in developing and underdeveloped countries can follow to...
Total sales revenue is $1000, total variable costs are $600 and total fixed costs are $1000. The price is $10 per unit. Compute the break-even volume in units (assume that the break-even point is in...
Sodium sulfate, Na2SO4 with a mass of 15 g is dissolved in 250 g water. What is the boiling point of the solution? Kb for water = 0.52 C/m a) 100 C b) 100.2 C c) 99.67 C d) 101.2 C c) d) O a) b)
Find the vertices of the hyperbola. Then sketch the hyperbola using the asymptotes as an aid. 1. 2. 3. 4. = 1 25 25 y? = 1 16
The nonpolar hydrocarbon C 25 H 52 is a solid at room temperature. Its boiling point is greater than 400C. Which has the stronger intermolecular forces, C 25 H 52 or H 2 O? Explain.
What is the margin of safety? a. The amount of fixed and variable costs that make up a companys total costs b. The sales level at which operating income is zero c. The difference between the sales...
Success Systems sells upscale modular desk units and office chairs in the ratio of 3:2 (desk unit: chair). The selling prices are $1,250 per desk unit and $500 per chair. The variable costs are $750...
4. 5. In which of following conditions a real gas would behave ideally? (a) Low pressure and low temperature ha (b) At value of temperature equal to its Boyle's temperature (c) Between its critical...
Holly wants to explore the difference between buying and leasing a vehicle, both over 5 years with monthly payments. The car that she has an interest in has a value of $27000, and is located in...
A water balloon is fired at 3 4 . 0 3 4 . 0 m / / s from a water cannon, which is aimed at an angle of 1 8 1 8 \ degree above the ground. The centre of the cannon s target ( ( which has a radius of 1...
Suppose the original price for the tree products are $1k Model S: P=100 Model 3 P=45 Model Y P=55 1. Based on your estimated demand functions, compute the own price elastic of demand for each car at...
Assuming relative PPP, fill in the table below: *Round to 4 decimal places 1.5 1.3 0.03 1.5 0.05 0.03 2.0 1.5 0.1 1.7 0.02 0.05 Assuming absolute PPP, fill in the table below: *Round to 4 decimal...
You have an idea to start a business selling cabinets to high-end home builders. How much money do you need to start the business if you know the following: Rent for space for shop:: $(1500)/(m)o...
The firm's warehouse has a maximum capacity of 10,000 bushels. At the beginning of the first month, 2,000 bushels are in the warehouse. The trading firm wants to know the amounts that should be...
Alicia, Arturo, and Adam took part in a walk for a charity. Each had sponsors who agreed to contribute 2 dollars for each mile their student walked. Alicia walked 8 miles and had 11 sponsors. Arturo...
The following are two independent situations. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the...
Place a tick in the appropriate grid to identify the balance that would be brought down in each of the following named accounts, in the books of Rizwy Mohamed: (a) In the Cash account: if Rizwy...
Multiple Choice Questions: 1. An increase in demand will increase the price but not the quantity sold in a market if a. Supply is perfectly elastic. b. Supply is perfectly inelastic. c. Supply is...
Explain how each of the following is a form of price discrimination. a. A student discount at the movie theater. b. Long-distance phone service that costs 15 cents per minute for the first 10 minutes...
What would be the labor force participation rate if: a. The __________ population = 200 million, the labor force = 160 million, and employment = 140 million? b. The __________ population = 200...
Explain why it is acceptable to estimate reduced-form equations by least squares.
Our aim is to estimate the parameters of the simultaneous equations model We assume that $x_{1}$ and $x_{2}$ are exogenous and uncorrelated with the error terms $e_{1}$ and $e_{2}$. a. Solve...
Describe the two-stage least squares estimation procedure for estimating an equation in a simultaneous equations model, and explain how it resolves the estimation problem for least squares.

In the short term, it is essential for sales revenue to cover variable costs. In the long

Question:

Expert Answer:

The detailed answer for the above question is provided below In the long term it is essen... View the full answer

Exploring Economics

Students also viewed these accounting questions