Break-Even Analysis (Grade 11 NSC Matric Mathematical Literacy): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
What does the break-even point represent?
What does the break-even point represent?
When total income equals total costs
How many values does a break-even point always have?
How many values does a break-even point always have?
Two values: quantity and monetary amount
What is the formula for total cost?
What is the formula for total cost?
Fixed costs + (Variable cost × Units)
If doughnuts sell for R5.00 each, what is income for 100 doughnuts?
If doughnuts sell for R5.00 each, what is income for 100 doughnuts?
R500.00
For 100 doughnuts: income R500, cost R380. What situation is this?
For 100 doughnuts: income R500, cost R380. What situation is this?
Profit situation
What are the two methods for determining break-even values?
What are the two methods for determining break-even values?
Graphical and trial and improvement
At break-even, what profit or loss does a business make?
At break-even, what profit or loss does a business make?
No profit and no loss
In the graphical method, where is the break-even point found?
In the graphical method, where is the break-even point found?
Where cost line meets income line
Why is understanding break-even essential for businesses?
Why is understanding break-even essential for businesses?
Shows minimum sales to avoid loss
Fixed cost R250, variable R1.30/unit. What's total cost for 50 units?
Fixed cost R250, variable R1.30/unit. What's total cost for 50 units?
R315.00