February Sales for Ted's Variety Store Equal $100,000, Variable Costs

Multiple Choice

February sales for Ted's Variety Store equal $100,000, variable costs equal $60,000, fixed costs, including depreciation of $20,000, total $60,000.

A) Teds' Variety Store broke even with respect to net income.
B) Teds' Variety Store broke even with respect to cash.
C) Ted's Variety fell $20,000 short of cash break-even.
D) Teds' Variety Store broke even with a $20,000 surplus.