Match Each Item with the Correct Statement Below

question 142

Multiple Choice

Match each item with the correct statement below.
-A measure of the sensitivity of profit changes to changes in sales volume.

• A)break-even point
• B)Common fixed expenses
• C)Contribution margin
• D)Direct fixed expenses
• E)Margin of safety
• F)Operating leverage
• G)Degree of operating leverage
• H)Sales mix

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Definitions:

Charitable Deduction

A tax deduction that taxpayers can claim for donations made to qualifying charitable organizations.

Casualty Losses

Financial losses resulting from sudden, unexpected events like natural disasters, accidents, or thefts, potentially deductible under tax laws.

Deductible

is an amount that can be subtracted from an individual's gross income for tax purposes, reducing the taxable income.

Personal

Relating to private individuals, their characteristics, or their circumstances without pertaining to their professional or public lives.