1. The accounting break-even level of revenues represents the point at which the project has a. Zero pretax profit. b. c

[answerhappygod]

1. The accounting break-even level of revenues represents thepoint at which the project has
a. Zero pretax profit.
b. covered the fixed and variable costs but not thedepreciation
c. Zero net present value
2. A firm with high operating leverage is expected to:
a. have a high degree of profitability.
b. perform particularly well when sales are high
c. have high variable costs
d. have low fixed costs
d covered all opportunity costs