Which of the Following Statements Is Not Correct in Relation

question 8

Multiple Choice

Which of the following statements is not correct in relation to s 76 of the National Credit Code which allows a court to reopen a contract because it is unjust?

• A)The court may take into account whether the borrower received independent advice.
• B)The court may take into account the relative bargaining powers of the borrower and the lender.
• C)The court may order that the contract is void and the borrower has no more obligations to the borrower.
• D)An application to reopen a contract must be made within 12 months from when the contract ended.

Calculate the required sales volume to achieve a target profit.

Comprehend the use of the degree of operating leverage and how it affects net operating income in response to sales changes.

Evaluate the effect of changes in marketing strategies, including advertising budget adjustments and sales commissions, on net operating income.

Determine the margin of safety in both dollar terms and units.

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