Other questions in this quiz

2. what is contribution

  • the amount of money shareholders give to the business
  • looks at profit as a whole
  • difference between sales and variable costs of production
  • the amount of work employees do

3. which of these is a limitation of a forecast

  • there a waste of time
  • provide no information
  • customers do not pay on time
  • there are no limitations

4. what is the formula of contribution

  • variable costs - total saleswhi
  • total sales + variable costs
  • total sales - variable costs
  • total sales X fixed costs

5. which is a limitation of break even analysis

  • it is accurate
  • assumes all fixed costs are constant
  • it applies to all products in the mix
  • assumes all variable costs are the same

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