Why do managers use CVP analysis, and what does it help them learn about their business?
What will be an ideal response?
Managers need to analyze business data in order to help them plan and monitor the organization's day-to-day operations. Cost-volume-profit (CVP) analysis is the study of how certain costs react to changes in business activities such as costs, selling prices, revenues, profits, and production volume[md]if you manufacture products. Management relies on the accounting department to provide the data needed to perform CVP analysis. This data allows management not only to perform CVP analysis, butalso examine operational risks as a suitable coststructure is chosen.
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Which of these remarks about formal parameters is correct?
a. A formal parameter is a kind of place holder that is filled with the argument at the time of call to the function. b. A call-by-value formal parameter is a global variable that is initialized to the value set just before the function is called. c. A call-by-reference formal parameter is modeled on a substitution mechanism. The argument should be an expression, not a variable, since there is never a need to assign such a variable. d. The & (ampersand) character is used to indicate call-by-reference. This is done by placing the & after the type name which is followed by the parameter name in the definition of the parameter in the function header. e. The argument corresponding to a call-by-value parameter cannot be changed by anything that happens in the function call.
The ________ gallery displays colors from the presentation theme that can be applied to the video on a slide
Fill in the blank(s) with correct word
When the Scenario Values dialog box displays, it lists the ________ value in each of the decision variable cells
A) future B) current C) total D) past
The third argument of the AVERAGEIF function is only required if one range of data is being averaged based on the ________ of a second range
Fill in the blank(s) with the appropriate word(s).