What is represented by a profit-volume graph?
A) It measures profit or loss on the horizontal axis.
B) It illustrates total revenues,total cost,and profits at various sales volumes.
C) It is not subject to the same limiting assumptions as cost-volume-profit graphs.
D) It illustrates the relationship between volume and profits.
Correct Answer:
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Q73: What do cost-volume-profit models assume?
A)The sales mix
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