Question: 6. Contribution margin is the amount left over after all variable costs have been covered. True /False 7. Fixed costs are those which do not

6. Contribution margin is the amount left over after all variable costs have been covered. True /False

7. Fixed costs are those which do not respond to changes in volume. True / False

8. "Break-even" is the point at which total sales equals total costs. True / False

9. The Cash Payback Period is the number of years it takes for non-discounted cash flows to equal the amount of the original investment. True / False

10. Excess Present Value Index is a measure to determine whether a project meets the required rate of return, and is equal to the NPV of the project divided by the Initial Investment. True/False

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