Quiz 29: Break Even Quiz

Test your knowledge of double entry bookkeeping with our online break even quiz.

Not Ready for the Break Even Quiz?

If you need a refresher course on this topic you can view our break even analysis tutorials here.

Start the Break Even Quiz

Click on an answer to reveal whether its Right! or Wrong

1. What is the missing term in the break even formula below?
Break even revenue = Operating expenses / ?
Wrong
Right!
Wrong
2. What is the missing term in the break even formula below?
Break even units = Operating expenses / (Selling price – ?)
Right!
Wrong
Wrong
3. What is the missing term in the target profit formula below?
Break even units = (Operating expenses + ?) / (Selling price – Cost )
Wrong
Right!
Wrong
4. If the fixed operating expenses are 40,000, and the gross margin percentage is 80%, what is the break even revenue for the business?
Wrong
Wrong
Right!

 

 

5. As the gross margin percentage increases, what happens to the break even revenue?
Wrong
Wrong
Right!
6. As the fixed operating expenses of a business increase, what happens to the break even revenue?
Right!
Wrong
Wrong
7. If a business has fixed operating expenses of 60,000, a gross margin percentage of 50% and wants to achieve a target profit of 14,000, what level of revenue does it need?
Wrong
Right!
Wrong
8. If a business has fixed operating expenses of 55,000, a unit cost price of 8.50, what selling price per unit must it charge to break even at 5,000 units ?
Right!
Wrong
Wrong
9. Break even occurs when?
Right!
Wrong
Wrong
10. A business is said to be at break even when ?
Wrong
Wrong
Right!

Try Another Double Entry Bookkeeping Quiz

The break even quiz is one of many of our online quizzes which can be used to test your knowledge of double entry bookkeeping, discover another at the links below.

Last modified May 4th, 2019 by Michael Brown

About the Author

Chartered accountant Michael Brown is the founder and CEO of Double Entry Bookkeeping. He has worked as an accountant and consultant for more than 25 years in all types of industries. He has been the CFO or controller of both small and medium sized companies and has run small businesses of his own. He has been a manager and an auditor with Deloitte, a big 4 accountancy firm, and holds a BSc from Loughborough University.

You May Also Like

Posted By: Michael Brown
Break Even