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STATEMENT OF COSTS AND BREAK-EVEN POINT
Author :
Danna Orjuela Acosta
1.
What is the balance point used for?
A
to handle supplier drop-offs
B
To see reflected the accounts payable of the clients
C
define the moment in which the income of a company covers its fixed and variable expenses
2.
To make a statement of costs, do you need inventory?
A
No, that's what you need for accounts payable
B
Yes, it is necessary to know how the inventory is to carry out a good costing
C
No, only the ending inventory is needed, the complete inventory is not needed
3.
Is the statement of costs essential in a company?
A
No! Solo se necesita ingresos y egresos de proveedores y clientes
B
Of course this helps us to give a better marketing to the company
C
Of course, it allows greater organization, and truthful data about the company in development
4.
Is it necessary to have all the exact and truthful data to make the statement of costs?
A
It is necessary to carry out a previous costing for production and sales, along with the inventory
B
Do not! The statement of costs can be made with any information
C
Yes, any information is valuable to carry out the costing
5.
Is it mandatory to make a statement of costs in each company?
A
Yes, it is necessary to show it to the company administrator
B
Of course, without it we cannot make the financial statements, which must be presented by law
C
No, the statement of costs only serves to see the break-even point
6.
How is a company's inventory measured?
A
No, it just makes accounting slower
B
Yes, it is important to make payment to suppliers
C
Yes, it allows you to see the movement of objects that are handled in a company