Break-even Y9 Business

Christina Situ
Quiz by Christina Situ, updated 7 months ago More Less
Christina Situ
Created by Christina Situ 10 months ago
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Quiz on Break even , created by Christina Situ on 26/02/2019.

Resource summary

Question 1

Question
What is break-even (choose all options)
Answer
  • The break-even point for a business is where total revenue is the same as total costs.
  • Break even is when the business is making neither a profit or a loss
  • Break even is when you have positive cash flow
  • Break even is when the income and selling price is the same as total costs
  • Break-even is when your companies cash flow and revenue is the same
  • Break-even is when your costs and profit is the same

Question 2

Question
Contribution is the sum of selling price and variable costs
Answer
  • True
  • False

Question 3

Question
The point at which a business goes from loss into profit can be seen on:
Answer
  • a pie chart
  • a break-even chart
  • a bar chart
  • an organisation chart

Question 4

Question
A fixed cost is one that [blank_start]does not change as output changes[blank_end]
Answer
  • does not change as output changes
  • does change as output changes
  • does change as profit changes
  • does not change as profit changes

Question 5

Question
The difference between the break-even output level and the expected output is the [blank_start]break even revenue[blank_end]
Answer
  • break even revenue
  • area of loss
  • total fixed costs
  • margin of safety

Question 6

Question
Contribution in the break-even analysis is the difference between [blank_start]sales and variable costs[blank_end]
Answer
  • sales and variable costs
  • fixed costs and variable costs
  • fixed costs and sales
  • profit and loss

Question 7

Question
Total costs in break-even analysis are shown by [blank_start]fixed costs plus variable costs[blank_end]
Answer
  • fixed costs plus variable costs
  • fixed costs plus direct costs
  • sales less fixed costs
  • sales less variable costs

Question 8

Question
the formula for margin of safety= [blank_start]actual sales- break even[blank_end]
Answer
  • actual sales- break even

Question 9

Question
What is this?
Answer
  • Break even point

Question 10

Question
Break-even level of output also means the contribution
Answer
  • True
  • False
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