Question 3 1 / 1 point

The "break-even" point is where:

total variable costs equal total fixed costs

total sales equals total fixed costs

total sales equals total variable costs

contribution margin equals total fixed costs

Question 4 1 / 1 point

A Stepped Cost is a cost that has:

both a fixed and variable component

both retailing and manufacturing costs

both operating and non-operating costs

none of the options listed

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Question 5 1 / 1 point

In a CVP graph, the break-even point is the intersection of total revenue and:

fixed cost

variable cost

total cost

none of the options listed

Question 6 1 / 1 point

Fixed costs normally will not include:

royalties
 rent

depreciation

managers' salaries

Question 7 1 / 1 point

If the activity level increases 15%, total fixed costs will:

increase by15%.

remain the same.

decrease by less than 15%.

increase by more than 15%.

Question 8 1 / 1 point

If the activity level increases 10%, total variable costs will:

increase by more than 10%.

decrease by less than 10%.

increase by10%.

remain the same.

Question 9 1 / 1 point

The "Relevant Range" of activity refers to the:

maximum activity level where costs are minimised

level of activity which the company expects to operate

geographical areas in which the business operates

level of activity where all costs are constant

Question 10 1 / 1 point
 CVP analysis does not consider:

variable cost per unit

fixed cost

mixed costs

level of activity

Question 11 1 / 1 point

Which of the following is not a mixed cost?

electricity

gas

telephone expense

depreciation

Question Set
Question 12 1 / 1 point

If the income is greater than expenses for an investment property,

which of the following is correct:

the difference is treated as assessable income

the difference is treated as a tax write-off

the difference is treated as a capital gain

none of the options listed

Question 13 1 / 1 point

The return earned from depositing cash into a fixed term deposit is known as:

dividends received from savings

a capital gain
 interest received from investment

none of the options listed

Question 14 1 / 1 point

A "tax-free" dividend is also known as a:

unfranked dividend

franked dividend

interim dividend

final dividend

Question 15 1 / 1 point

Which of the following statements relating to dividends is correct:

it is not compulsory for a company to pay dividends

the payment of dividends is a legal obligation

dividends must be paid if a profit is made

the amount paid is fixed and regular

Attempt Score:15 / 15 - HD
Overall Grade (highest attempt):15 / 15 - HD

Done