Professional Documents
Culture Documents
Part I. MULTIPLE CHOICE: Solve the following. Write your answer on the space provided.
1
___________24. These are recorded in the accounting records either as sales discounts in the books of the seller
or purchases discounts on the part of the buyer.
a. Trade discount b. Cash discount c. Break-even discount d. Loyalty discount
___________25. It is easy to calculate because we simply multiply the list price with the given trade discount.
a. Series discount b. Single discount c. Purchase discount d. Sales discount
Find the break-even point in units and in peso given that the unit price of a certain commodity is
15.00; variable cost, P5.00; and total fixed cost, P 12,000.00.
“Striving for success without hard work is like trying to harvest where you haven’t planted”. David Bly
Good luck!!!
2
3