You Must Enter the First Three Numbers in a Series

question 48

True/False

You must enter the first three numbers in a series so that Excel can determine the increment amount when using the fill handle to increment a series by two.

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Definitions:

Contribution Margin Ratio

The percentage of each sale that exceeds the variable costs of production.

Break-even Point

The level of production or sales at which total revenues equal total expenses, resulting in neither profit nor loss.

Margin of Safety

The difference between actual or projected sales and the break-even point, indicating the cushion a business has before it incurs a loss.

Operating Leverage

A measure of how sensitive net operating income is to a given percentage change in dollar sales.