Which of the following statements are true? i. The margin of safety tells us how...
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Accounting
Which of the following statements are true? i. The margin of safety tells us how far sales can drop before the company will be operating at a loss. ii. Cost-volume-profit analysis is the study of the effects of changes in only costs on a company's profit. iii. Break-even point can be computed in terms of both sales and units for a company. iv. Cost-volume-profit analysis is the study of the effects of changes in costs and volume on a company's profit. i, iv i, iii, iv i,ii i, iii None of the above
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