XBRL Allows Highly Disaggregated Data So Not Only Is It

question 28

True/False

XBRL allows highly disaggregated data so not only is it possible to know the level of sales,but it is possible to know sales revenue in much more detail.

Analyze the effects of changes in fixed costs and sales volume on the break-even point.

Determine the contribution margin ratio and its impact on profitability.

Understand the impact of changes in variable and fixed costs on net income.

Calculate and interpret a company's margin of safety percentage.

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Definitions:

Workers Demanded

The number of employees that employers are willing to hire at a given wage rate within a specific period.

Labor Demand Curve

A graphical representation showing the relationship between the quantity of labor demanded by employers and the wage rate.

Elastic

A term in economics describing a situation in which the demand or supply for a good or service dramatically changes in response to price changes.

Economic Immigration

The movement of individuals from one country to another to seek better economic opportunities, often including employment and business prospects.