Concept explainers
To fill: The blank in the statement “The
Answer to Problem 6SGR
The complete statement is “The breakeven is the point at which the income equals the cost”.
Explanation of Solution
Given information:
The statement “The
Consider the provided statement “The
At point at which income equals the costs is known as the breakeven point.
The breakeven point is determined by isolating the fixed expenses of creation by the cost per unit less the variable expenses of creation. The breakeven point is the degree of creation at which the expenses of creation equivalent the incomes for an item.
Thus, the complete statement is “The breakeven is the point at which the income equals the cost”.
Chapter 3 Solutions
Algebra 2
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