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S Contribution Margin Quiz

Which of the following items will require a journal entry to the company's books?

Which of the following will NOT require a journal entry to the company's books?

A company recorded its check #2754 in its accounting records as $98. However, check #2754 was actually written for $89 and it cleared the bank as $89. What adjustment is needed to the Cash balance per books?

A bond's yield-to-maturity is likely to be similar to the bond's ___________ interest rate.

Which of the following interest rates is different?

What is the company's contribution margin?

What is the break-even point in units?

If the company wants to earn a profit of $42,000 instead of breaking even, what is the number of units the company must sell?

What is the company's contribution margin ratio?

What is the break-even point in dollars?