Multiple Choice
If Qualls Quality Airline cuts its domestic fares by 30%
A) its fixed costs will decrease.
B) profit will increase by 30%.
C) a profit can only be earned by decreasing the number of flights.
D) a profit can be earned either by increasing the number of passengers or by decreasing variable costs.
Correct Answer:
Verified
Correct Answer:
Verified
Q37: A fixed cost is a cost which<br>A)
Q38: Bruno & Court is a nonprofit organization
Q39: Taveras Industries developed the following information
Q40: To which function of management is CVP
Q41: The equation which reflects a CVP income
Q43: A company desires to sell a sufficient
Q44: Contribution margin is<br>A) the amount of revenue
Q45: Sales are $500000 and variable costs are
Q46: Jane Botosan operates a bed and breakfast
Q47: Montoya Manufacturing has fixed costs of $3000000