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Which of the following statements are true? - The breakeven point (in revenues) is equal to...

Which of the following statements are true?

- The breakeven point (in revenues) is equal to fixed costs divided by the unit contribution margin.

- Breakeven point is the point where revenues equal total expenses including the cost of goods sold.

Select one:

a. I don't know the answer

b. Both statements

c. Statement 2 only

d. Statement 1 only

e. Neither statement

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