The IFAC Has

question 29

Multiple Choice

The IFAC has

• A) set for international development policy
• B) issued international standards on auditing
• C) issued numerous security regulations
• D) none of the above

Grasp the concept and calculation of contribution margin and contribution margin ratio.

Understand how changes in sales volume, prices, and costs affect net income.

Learn to calculate and interpret the degree of operating leverage.

Apply concepts of break-even and profitability analysis to decision-making, including special orders.