Identifying the Point of Intersection

Identifying the Point of Intersection

Assessment

Flashcard

Mathematics

7th - 9th Grade

Hard

Created by

Wayground Content

FREE Resource

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15 questions

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1.

FLASHCARD QUESTION

Front

What is the breakeven point in a business context?

Back

The breakeven point is the level of sales at which total revenues equal total costs, resulting in neither profit nor loss.

2.

FLASHCARD QUESTION

Front

How do you calculate the breakeven point in units?

Back

Breakeven Point (units) = Fixed Costs / (Selling Price per Unit - Variable Cost per Unit)

3.

FLASHCARD QUESTION

Front

What are fixed costs?

Back

Fixed costs are expenses that do not change with the level of goods or services produced, such as rent, salaries, and insurance.

4.

FLASHCARD QUESTION

Front

What are variable costs?

Back

Variable costs are expenses that vary directly with the level of production or sales, such as materials and labor.

5.

FLASHCARD QUESTION

Front

If a ticket costs $10 and the fixed costs are $4000, how many tickets must be sold to breakeven?

Back

400 tickets

6.

FLASHCARD QUESTION

Front

What is the slope-intercept form of a linear equation?

Back

The slope-intercept form is y = mx + b, where m is the slope and b is the y-intercept.

7.

FLASHCARD QUESTION

Front

If m=2 and b=5, what is the slope-intercept equation?

Back

y = 2x + 5

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