31. When is the profit break-even point achieved? A when the revenue covers variable costs and the profit objective when the revenue covers fixed costs and the profit objective when the contribution margin covers fixed costs and the profit objective when the contribution margin covers all costs and the profit objective 33. What is the effect when a company sells more units strictly on the basis of image improvement, and its variable costs per unit, selling price per unit, and fixed costs remain unchanged? A Profit for the year remains the same. Revenue increases. Variable costs decrease. Fixed costs increase. 35. Which of the following is a working capital account? cash machinery goodwill land 38. What is involved with the average collection period? A trade and other payables taxes payable cash trade receivables