________ Is a "What If" Technique That Estimates Profit or Loss

question 15

Multiple Choice

________ is a "what if" technique that estimates profit or loss results if selling price,costs,volume,or underlying assumptions change.

• A) High-low method of analysis
• B) Sensitivity analysis
• C) Contribution margin
• D) Operating leverage

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Definitions:

Child Tax Credit

A tax credit available to taxpayers for each qualifying child, reducing the taxpayer's tax liability on a dollar-for-dollar basis.

Qualifying Child

A dependent child who meets specific IRS criteria, enabling the taxpayer to claim certain tax benefits.

Dependent

An individual, such as a child or relative, whose support and financial care are provided by the taxpayer, and is eligible for certain tax benefits.

Lifetime Learning Credits

A tax credit available in the United States to offset higher education expenses, applicable to an unlimited number of tax years.