39. Sales Price per unit = 6, Variable cost = 3. Fixed cost = 12,000. What is the breakeven point in $'s?

2,000

6,000

4,000

Cannot be determined

25. Breaking costs into fixed and variable has no relevance because all costs are the same as they both reduce profit.

a. True

b. False

21. A bank is part of the Budget Committee.

True

False

49. Total Sales is $80,000 in a month. 30% of this is on Credit. 60% of the credit sales are collected in the same month and 40% are collected next month. In the next month, $4,000 is declared bad debt. What is the amount of Cash Sale this month?

48,000

56,000

24,000

32,000