Analysis of variance is a methodology for drawing conclusions about the equality of means of multiple populations.
What is meant by Analysis of variance?Analysis of variance (ANOVA) is an analysis tool used in statistics that splits an observed aggregate variability found inside a data set into two parts: systematic factors and random factors. The systematic factors have a statistical influence on the given data set, while the random factors do not.Analysis of variance (ANOVA) is a collection of statistical models and their associated estimation procedures (such as the "variation" among and between groups) used to analyze the differences among means. ANOVA was developed by the statistician Ronald Fisher. ANOVA is based on the law of total variance, where the observed variance in a particular variable is partitioned into components attributable to different sources of variation. In its simplest form, ANOVA provides a statistical test of whether two or more population means are equal, and therefore generalizes the t-test beyond two means.To learn more about the Analysis of variance, refer
to https://brainly.com/question/25534066
#SPJ4
Kristen has been late on her mortgage payments and is now in default on the mortgage. which clause in kristen's mortgage will allow the bank to foreclose on the property...?
The clause in Kristen's mortgage will allow the bank to foreclose on the property Acceleration clause 5.3 .
What is Mortgage Payment ?
A mortgage payment is normally made up of four components: principal, interest, taxes and insurance. The amount that is deducted from your outstanding loan balance is known as the principal component.Until the loan matures or you sell the property, monthly mortgage payments are typically due on the first of the month. It doesn't really matter when your mortgage funds because the payment is still due on the first whether you close on the fifth or the fifteenth of the month.
A mortgage is a loan that you obtain from a lender to pay for the purchase of a home. When you obtain a mortgage, you make a commitment to pay back the borrowed funds with an agreed-upon interest rate. The house serves as security.
To learn more about mortgage payment :
brainly.com/question/28057935
#SPJ4
All of the following accounts have normal debit balances except for? cash. expenses. capital. accounts receivable.
Capital
Capital have credit balance because capital is the owner's investment in the business and its a liability for the business to pay the capital in future.
Increase will capital have credit balance and it is reported on the liabilities side of the balance sheet.
Cash , expense, accounts receivable have debit balance as it is treated as asset of the business and have debit balance.
As per the double entry system , every transaction has debit and credit. multiple accounts are affected.
The amount of capital will always equal to the the all assets less all liabilities.
In the year end , profit or loss is apportioned in the capital account.
To know more about capital:
https://brainly.com/question/1446326
#SPJ4
A pay structure in which more efficient workers earn higher wages, as suggested by frederick w. taylor, is known as a(n) ________ system.group of answer choices
A pay structure in which more efficient workers earn higher wages, as suggested by Frederick w. Taylor, is known as a Differential Rate system.
What are wages?A wage is a payment made to employees for the time they put in working for their employer. Always depending on a specific period of time, wages are paid. On an hourly basis, typically. This is the origin of the phrase hourly worker. Salary and commissions are some more types of payment.
Pay for lower-level employees is determined by the number of hours worked. To record the number of hours worked each week, this personnel typically use a time sheet or time card. To keep track of hourly employee hours, the majority of modern firms use computerized systems.
To enter their hours worked, employees must log in and out of the system. Then, this personnel are paid either once a week or once every other week, depending on the state. If an hourly worker works more than 40 hours per week, they must be compensated for overtime.
In contrast to salaries, commissions are permissible for workers who are paid wages. Payment for a certain action is known as a commission. The sales sector is where commissions are most frequently encountered. When making sales, salespeople and saleswomen are frequently given a base salary as well as a commission.
Thus, This is a strategy used by businesses to motivate their sales employees to perform better on the sales floor while still paying them a low salary.
For more information on Wages, refer to the given link:
https://brainly.com/question/13847060
#SPJ4
Complete Question
A pay structure in which more efficient workers earn higher wages, as suggested by Frederick W. Taylor, is known as a(n) _____ system.
A. scale
B. increasing wage
C. differential rate
D. wide wage
E. merited pay
According to a recent study, what impact did restaurants using the grubhub platform see on their revenue growth compared to those that did not?
According to a recent study "Revenue growth was six times greater than that of restaurants not using GrubHub" is the impact that the restaurants using the GrubHub platform, saw on their revenue growth compared to those that did not. Option A
This is further explained below.
What is revenue growth?Generally, To put it in the simplest words possible, revenue growth is the increase in the amount of money your business generates over a certain period of time in comparison to the amount of money it made over the same period of time in the previous year.
The amount of money you earned this month in comparison to the amount you made the previous month is one example.
In conclusion, According to a recent study, the impact that restaurants that used the GrubHub platform had on the growth of their revenue was six times greater than that of restaurants that did not use GrubHub. This is the impact that restaurants saw on their revenue growth when compared to those that did not use GrubHub. Alternative A
Read more about revenue growth
https://brainly.com/question/14102321
#SPJ1
complete question
According to a recent study, what impact did restaurants using the GrubHub platform see on their revenue growth compared to those that did not?
A. Revenue growth was six times greater than that of restaurants not using GrubHub.
B. Revenue growth was equal to that of restaurants not using GrubHub.
C. Revenue growth was three times greater than that of restaurants not using GrubHub.
D. Revenue growth was not impacted for restaurants using GrubHub.
E. Revenue growth declined for those restaurants using GrubHub compared to those that did not use it.
Markets in which funds are transferred from those who have excess funds available to those who have a shortage of available funds are called.
Markets in which funds are transferred from those who have excess funds available to those who have a shortage of available funds are called financial markets.
What is financial markets?A financial market can be described as the marketplace where the trading of securities as well as the equities and bonds, currencies, usually take place .
In this case, it should be noted that Markets in which funds are transferred from those who have excess funds available to those who have a shortage of available funds are called financial markets.
Find out more on financial markets at https://brainly.com/question/13342660
#SPJ1
The globe framework uses some of the same dimensions as the hofstede cultural values inventory, but added others. one additional dimension in the globe that is not in the hofstede values is:________
The Hofstede cultural values inventory's dimensions are used in the GLOBE framework, along with some new ones. Performance orientation is an additional GLOBE dimension that is not included in the Hofstede values.
In leadership, what is performance orientation?
Performance orientation refers to how much creativity, exacting standards, and top-notch performance are valued and rewarded. Countries with a high focus on performance value materialism and competition, and they anticipate investing in training to foster performance enhancements.
To know more about Performance orientation
https://brainly.com/question/14849932
#SPJ4
Trade-offs may occur among the six sources of competitive advantage. managers should realize that ____
Trade-offs may occur among the six sources of competitive advantage. managers should realize that this doesn't need to be a zero-sum game where one source has to suffer at the expense of another.
What is a competitive advantage?This is the term that is used in economics and commerce to refer to the advantage that businesses and organization would have over the people that stands as their rivals. It is how they are able to maintain their consumer base.
Hence we can say that Trade-offs may occur among the six sources of competitive advantage. managers should realize that this doesn't need to be a zero-sum game where one source has to suffer at the expense of another.
Read more on competitive advantage here: https://brainly.com/question/14030554
#SPJ1
Respond to the following in 2-5 paragraphs. Select the workplace skill, habit, or attitude described in this chapter that you believe is most important for being a successful employee. Explain your choice.
I need help
Any employee with a specialty skill, training, knowledge, and (often acquired) ability in their profession is considered a competent and successful employee.
The required details for skilled worker in given paragraph
A skilled worker could have gone to college, a university, or a technical institute. Alternatively, a skilled worker can have picked up their abilities while working. The following professions fall under the category of skilled labor: engineers, software developers, paramedics, police officers, soldiers, doctors, crane operators, truck drivers, machinists, draftsmen, plumbers, carpenters, cooks, and accountants.
These workers may be white-collar or blue-collar, and they may have varying degrees of training or education.
1. They consider the abilities they will require for the upcoming position.
2. In meetings, they speak up
To know about skilled worker in given link
https://brainly.com/question/24482367
#SPJ9
Lindsay is an analyst at a large power company. she creates a custom spreadsheet showing how cold weather might affect the company's profitability. this shows her ________ skills.
This demonstrates her capacity for systems thinking.
Understanding
This course serves as an introduction to systems thinking, a leadership philosophy that acknowledges the interaction between individuals, groups, and systems within organizations to promote or impede overall well-being. Wherever your ministry takes you—whether you're leading a congregation, serving as a chaplain, managing volunteers at a voter registration drive, or living in a cooperative or a homeless camp—knowledge of systems thinking equips you with the skills you need to respond effectively to the needs of the system you're in.
A multi-cultural, anti-oppressive knowledge of the intersectionality of systems and identities, power and privilege will serve as the foundation for our study of congregations and other systems (likely the medical-industrial and educational systems.
to know more about Systems Thinking
https://brainly.com/question/17174999
#SPJ4
Braam fire prevention corp. has a profit margin of 9.70 percent, total asset turnover of 1.52, and roe of 18.58 percent. what is its firm's debt-equity ratio?
Braam fire prevention corp. has a profit margin of 9.70 percent, total asset turnover of 1.52, and roe of 18.58 percent. The firm's debt-equity ratio will be 0.91.
What is debt- equity ratio?A phrase used in accounting to describe the capital structure of a company is the debt-equity ratio. This ratio is computed specifically by dividing a company's total debt by its entire equity.
monetary ratiosFinancial ratios are measurements that analysts use to assess business performance and to compare those ratios with other companies in the same industry. They are evaluated according to the firm's financial statements.The liquidity ratios, solvency ratios, profitability ratios, and market outlook ratios are the common classes into which the financial ratios can be divided. Each lesson will highlight a different aspect of the company.Before performing their analysis, analysts should, however, evaluate the completeness and transparency of the provided financial statements. The financial statements could be manipulated by some internal investors for personal gain.ROE = profit margin × asset turnover × equity multiplier
18.58% = 9.70% × 1.52 × equity multiplier
equity multiplier = 1.91
Then debt-equity ratio is calculated as:
debt-equity ratio = equity multiplier - 1
debt-equity ratio = 1.91 - 1
debt-equity ratio = 0.91
To learn more about equity ratio from given link
https://brainly.com/question/26354272
#SPJ4
If a comparable has one less bathroom than the subject, an adjustment is made by?
If a comparable has one less bathroom than the subject, an adjustment is made in terms of money. Something of worth or value that is either a loss suffered by the party making the promise or a gain obtained by the other party is necessary for the establishment of a legal agreement.
Valuable ConsiderationIn order to enter into a contract that is enforceable in court, consideration is necessary by contract law. For a contract to be formed, it is a necessary component. However, the definition of what is sufficient consideration is still up for controversy in the law. The phrase "valuable consideration" is commonly used in contracts and by courts to refer to payment adequate to support an enforceable agreement.
Typically, consideration takes the shape of a commitment to carry out a desired action or a vow to refrain from acting in accordance with one's legal rights. Therefore, in order to execute a promise, a party must have made a payment or assumed financial responsibility for doing so, delivered products, invested time and effort, or given up some other lucrative opportunity or legal privilege.
To know more about " Valuable Consideration", visit : https://brainly.com/question/1387188
#SPJ4
Bonds that hold two adjacent nucleotides together are called __________________ bonds.
Bonds that hold two adjacent nucleotides together are called "phosphodiester bond."
What is phosphodiester bond?The phosphodiester bonds are created as a result of a condensation reaction between two sugar groups' phosphate and hydroxyl groups.
Some key features regarding the phosphodiester bond are-
The hydroxyl group is a like-group formed by bonding of one oxygen atom and a hydrogen atom. The carbon that the hydroxyl group would be attached is represented by the "-." Furthermore, phosphate groups are molecules that contain an atom of phosphorus covalently bonded to four oxygen atoms. The phosphodiester bond is also known as the phosphoester bond.A phosphodiester bond is a chemical bond formed when two hydroxyl groups throughout phosphoric acid react with hydroxyl groups on other molecules, resulting in the formation of ester bonds. It can be found in the backbones of DNA and RNA.To know more about the phosphodiester bond, here
https://brainly.com/question/23660733
#SPJ4
a. The future value of $420 eight years from now at 10 percent. (Round your FV factor to 3 decimal places and final answer to 2 decimal places.)
The following equation can be used to determine future value with compound interest: future value = present value x (1 + interest rate)n. Use this formula to determine future value using simple interest: Future value equals current value multiplied by [1 + (interest rate over time)].
According to the formula for future value, FV = PV*(1+i)n, future value is equal to the present value multiplied by the sum of the annual percentage rate of interest multiplied by the number of time periods
Finance professionals use the Future Value (FV) calculation to determine the value of a cash flow at a time after it was initially received.
To learn more on future value
https://brainly.com/question/14860893
#SPJ1
A benefit that is sought by an interest group and that once achieved cannot be denied to a nonmember is called a ________. group of answer choices
The correct option is (B) Collective good.
A benefit that is sought by an interest group and that once achieved cannot be denied to nonmembers is called a collective good.
What is the meaning of collective good?A good or service that is provided to all members of a society is referred to in economics as a public good, also known as a social good or collective good. These services are typically provided by governments, and taxes are used to cover all of their costs. The rule of law, national defense, and law enforcement are a few examples of public goods.
Public goods are significant because they are intended to be accessible to the broader public and have particular characteristics that prohibit some individuals or groups from being unable to use them.
What is the public goods theory?The goal of the public goods theory is to explain why the private sector of the economy cannot supply public goods effectively, leading to market failures that imply the need for government intervention in the production of those products.
To know more about public goods, visit: https://brainly.com/question/14664702
#SPJ4
The complete question is:
“A benefit that is sought by an interest group and that once achieved cannot be denied to a nonmember is called a ________. group of answer choices
(A) Free rider
(B) collective good
(C) solidary benefit
(D) purposive benefit”
A ____ is a form of business organization that normally allows lawyers doing business as partners to avoid personal liability for the malpractice of other partners.
A limited liability partnership is a form of business organization that normally allows lawyers doing business as partners to avoid personal liability for the malpractice of other partners.
What is Personal liability?If you are found legally accountable for an accident that causes property damage or bodily harm inside or outside of your home, this is known as personal liability.
In the event that one of your visitors is hurt while on your property, personal liability claims may cover things like medical expenses, court costs, and more. They may also provide coverage for any accidental damage you are legally liable for doing to someone else's property. Up to your policy limitations, you might be able to avoid paying out of pocket for events like these if you have personal liability coverage.
Personal liability coverage is a crucial part of your homeowners or renters insurance policy because of this.
To know more about personal liability, visit
https://brainly.com/question/16089315
#SPJ4
Carlos, a spanish national, is an employee of a u.s.-based company. he works at the company's branch in spain. this would imply that carlos is a:________
This would suggest that Carlos is a citizen of the host nation.
Host-country Nationals (HCNs) are what?
Employees who are nationals of the branch location of the business, as opposed to the headquarters location, are referred to as "host-country nationals."
The language barrier is removed, which is the fundamental benefit of hiring an HCN. A HCN would also be knowledgeable about regional labor and employment legislation. Additionally, the organization benefits from the elimination of hiring and staffing expenses like visas, accommodations, and so forth.
There are, however, certain drawbacks as well. One that stands out is the development of a "we" vs. "them" mentality, which is harmful to the operation of any business.
to know more about host country national
https://brainly.com/question/14142247
#SPJ4
Suppose the equilibrium price of a gallon of milk is $4. If the government imposes a price floor of $5 per gallon of milk, the.
The quantity supplied of milk exceeds the quantity demanded.
If supply and demand are in balance, the equilibrium price occurs in economics. This indicates that for this cost, the manufacturer can create the same quantity of a good (supply) that consumers may purchase (demand). Supply and demand converge as a result. Furthermore, both buyers and sellers gain at this point. In addition, the concept of the equilibrium price is the reverse of that of disequilibrium, where supply and demand are not equal. A market-clearing price, often referred to as an equilibrium price, is the consumer cost associated with a good or service when supply and demand are equal or nearly equal. The manufacturer or vendor is free to transfer as many units as they like, and the consumer is free to access as many units as they like.
To know more about equilibrium price refer to https://brainly.com/question/17193674
#SPJ4
The equation used to determine the approximate real interest rate is?
The equation that is used for the purpose of determining the approximate real interest rate is calculated by the difference between the actual interest rate less the rate of inflation in an economy.
What is the significance of real interest rate?The real interest rate can be referred to or considered as an adjusted rate of interest, which is computed by comparing the difference of nominal interest against the inflation status in an economy during a given period of time. It is written in the form of equation as,
Real Interest Rate ≅ Actual Rate of Interest – Rate of Inflation
Therefore, the significance regarding real interest rate has been aforementioned.
Learn more about real interest rate here:
https://brainly.com/question/13324776
#SPJ4
_____________ of economic activity has been evolving since the birth of economics in 1776.
Visualization of economic activity has been evolving since the birth of economics in 1776.
Visualization is effective because it harnesses the power of the subconscious mind. Visualizing your goals as complete creates a subconscious conflict between what you are visualizing and what you currently have.
Visualization enhances your ability to rest and relax by focusing your mind on more calm and quiet images. Before starting these visualization exercises, make sure your environment is set up comfortably. To relax, remove all distractions such as phones, pets, and TVs.
Creative visualization is a tangible way to use your imagination. It is a cognitive process that consists of forming vivid mental images. When you consciously change the picture, your feelings towards the motif of the picture will change.
Learn more about visualization https://brainly.com/question/1822923
#SPJ4
When the price of a bond is ________ the equilibrium price, there is an excess demand for bonds and the price will ________.
When the price of a bond is below the equilibrium price, there is an excess demand for bonds and the price will rise.
What is Demand?Demand refers to the amount of the money spent on the purchase of the commodity for the particular period of time. It includes the demand of the consumer goods, imports, and government spending.
The excess demand for the bond tends to increase the prices of bonds and rate of interest falls. Thus, ultimately leading to new equilibrium interest rate is lower than previous one.
Therefore, it can be concluded that When a bond's price is lower than its equilibrium price, there is an inflationary pressure on bonds, and the price rises.
Learn more about demand here:
https://brainly.com/question/14456267
#SPJ1
David is an accountant for a small company. as such, he participates primarily in __________ activities.
David is an accountant for a small company. as such, he participates primarily in financial activities.
All operations involving the acquisition and wise use of funds are referred to be financial. The financial industry includes those who work as accountants, stockbrokers, investment advisers, or bankers.
Quiz: What makes modified capitalism different from pure capitalism?Pure capitalism differs from modified capitalism in that less government restriction is present in the former. Less government regulation is present in a modified form of capitalism.
Is there a quizlet for businesses that includes a management activity?What constitutes a component of business management activity? Most frequently, planning, staffing, organizing, and managing are closely related to... These individuals acquire data and carry out study to discover what clients desire.
Who conducts research and information gathering to find out what buyers want?In order to ascertain what consumers want, marketers gather data and carry out research. Additionally, they design and create things and decide how much to charge as well as when and where to release them.
Which of the following is a managerial element?An organization's objectives can be attained by the efficient and effective use of its physical, financial, human, and informational resources. Management is a collection of principles linked to the functions of planning, organizing, directing, and controlling.
To Know more about stockbrokers
https://brainly.com/question/110788
#SPJ4
Which type of an economy, typically agricultural, can be described as where things are done in the same way as they have always been done?
The traditional economy type of economy, typically agricultural, can be described as where things are done in the same way as they have always been done.
Economics is defined as the management of financial matters in communities, businesses, or families. An example in economics is the US stock market system. A country's economy is the wealth it derives from business and industry. The Japanese economy grew by more than 10% every year. 3. Uncountable nouns. The economy is about using the minimum amount of money, time, or other resources necessary to accomplish something, and not wasting anything.
Hmm, that's confusing. But essentially the economy works by allocating scarce resources to individuals and businesses. A series of markets in which goods and services are exchanged and enabled by capital together form an economy. These networks exist at local, national, and international levels.
Learn more about the economy here
https://brainly.com/question/1311866
#SPJ4
The obstruction of justice conviction of the accounting firm of arthur anderson is an example of ________ crime.
Arthur Anderson's accounting business was found guilty of obstructing justice, which is an example of corporate crime.
Corporate crime, also known as organizational crime, is a sort of white-collar crime committed by people while they are performing their legal jobs for the advantage of the company that employs them. These people typically do not believe themselves to be criminals or that their actions are criminal. Professional white-collar crime, which is done by persons who identify with crime and make it their only source of income, is connected to corporate crime. White-collar crime, a more general notion, was first articulated in the social sciences by American criminologist Edwin Sutherland in a 1939 presidential address to the American Sociological Association. This is where the roots of corporate crime may be found.
To learn more about Corporate crime here
https://brainly.com/question/12882995
#SPJ4
Of the five steps to the strategic marketing planning process, which step usually comes in the middle of the process?
Of the five steps to the strategic marketing planning process, which step usually comes in the middle of the process "identifying and assessing possibilities."
What is strategic marketing planning?Strategic Market Planning is a continuous process by which a company develops marketing strategies and plans their implementation in a target market.
Some key features regarding the strategic marketing planning are-
The process, which takes into account the company's current position, aids in identifying and evaluating promotional opportunities. Comprehensive research is used to identify the target market.Marketing is a complex process that cannot usually be planned in a short period of time. Strategic market planning encompasses numerous parameters to plan based on the target market and takes a long-term and short-term view of the market. Strategic market planning can be used to achieve a variety of marketing goals such as increasing market share, launching new products, conducting market research, and so on.To know more about the strategic marketing planning, here
https://brainly.com/question/13362984
#SPJ4
More than __ of fish stocks have been severely depleted and are in need of better management to maintain sustainable global food supplies.
More than 3/4 of fish stocks have been severely depleted and are in need of better management to maintain sustainable global food supplies.
What is Food sustainability?Food sustainability refers to growing food in a way that benefits both people and animals in the communities that produce it, as well as the environment and the effective use of natural resources. It also ensures that farmers can support themselves. A movement to address the issue of how much more resources are used to produce food than are produced is motivated by this thought. There are numerous, interconnected reasons why food sustainability is crucial. However, the main reason is that it affects how well humans will be able to feed everyone in the world today and in the future. Right now, we are already unable to feed everyone on the planet.
Thus, food sustainability is growing food in a manner that does not harm anybody including the environment.
For more information on food sustainability, refer to the given link:
https://brainly.com/question/23864112
#SPJ4
Frederick taylor is associated with the scientific management approach to management. True or false
True , It is true that frederick taylor is associated with the scientific management approach to management .
What was Frederick Taylor's approach to management ?
Taylor's theory was based on the belief that enhancing the way of work was done and it was much more efficient that making people work as hard as they could. Taylor wrote "The Principles of Scientific Management" in 1909. In this, he made the statement that productivity would increase as a result of work reduction and simplification.
To know more about Taylor's Approach check the link below :
https://brainly.com/question/17313334
#SPJ4
The activity measure selected for use in a variable- and fixed-overhead flexible budget?
The activity measure selected for use in a variable- and fixed-overhead flexible budget should vary in a similar behavior pattern to the way that variable overhead varies.
A budget is “a financial plan, usually expressed in terms of money and
divided into periods.
A flexible budget also known as a variable budget, is a budget that
adjusts for changes in sales volume and other cost-driver activities.
A flexible budget is ‘a budget containing alternative provisions based on
varying rates of production or other measures of activity.’
It is a budget which is subject to change as operations proceed.
https://brainly.com/question/28504314
#SPJ4
True or false: cash basis accounting is the method used by most profit-oriented companies
We can actually deduce here that it is false that cash basis accounting is the method used by most profit-oriented companies.
What is cash basis accounting?Cash basis accounting is actually known to be the method of accounting that actually records revenue only when cash has been received and also when expenses has been paid in cash.
This method of accounting is also known as cash receipts and disbursements method of accounting. In other words, the records are updated at the time the cash for revenues or expenses are received or paid out.
Thus, the answer is false.
Learn more about Cash basis accounting on https://brainly.com/question/20397933
#SPJ1
When a product's demand varies directly with money income, it is considered a(n) ______ good.
When a product's demand varies directly with money income, it is considered a superior good.
What is the demand?Demand can be defined as the fact that the customers would make the demand or ask for the product or service and pay for the same. It depends upon the need and want of the people.
A product is a superior good or that good health a considered as the best quality of food the product demand there is direct with the money or the income as the people are ready to pay the amount.
A commodity with income levels higher than 1, is the one that increases in consumption as wealth does for a person.
Learn more about demand, here:
https://brainly.com/question/13320101
#SPJ4
At the break-even point:_______
a. total cost equals profit.
b. total cost equals total revenue.
c. output equals capacity.
d. variable cost equals fixed cost.
e. variable cost equals total revenue.
option b) total cost equals total revenue is correct.
What is the Break-even point?The market price of an asset is compared to the initial cost to define the breakeven point (break-even price) for a transaction or investment; the breakeven point is reached when the two prices are equal.
In corporate accounting, the breakeven point formula is calculated by dividing the entire fixed production costs by the revenue per unit less the unit variable costs. Fixed costs in this context relate to expenses that are constant regardless of the number of units sold. In other words, the breakeven point is the production level where a product's total revenues and total expenses are equal.
Therefore, At the break-even point, total cost equals total revenue.
For more information on the break-even point, refer to the given link:
https://brainly.com/question/15356272
#SPJ4
