7-1 Compute a break-even point using the contribution-margin approach and the equation approach. 7-2 Compute the contribution-margin ratio and use it to find the break-even point in sales dollars. 7-3 Prepare a cost-volume-profit (CVP) graph and explain how it is used. 7-4 Apply CVP analysis to determine the effect on profit of changes in fixed expenses, variable expenses, sales prices, and sales volume. 7-5 Compute the break-even point and prepare a profit-volume graph for a multiproduct enterprise. 7-6 List and discuss the key assumptions of CVP analysis. 7-7 Prepare and interpret a contribution income statement. 7-8 Explain the role of cost structure and operating leverage in CVP relationships. 7-9 Understand the implications of activity-based costing for CVP analysis. 7-10 Be aware of the effects of advanced manufacturing technology on CVP relationships. 7-11 Understand the effect of income taxes on CVP analysis (appendix).

The blank is type of decision-maker who over analyzes information

Suppose that hubert, an economist from an am talk radio program, and kate, an economist from a nonprofit organization on the west coast, are arguing over government bailouts. the following dialogue shows an excerpt from their debate: kate: to recent financial crises, the concept of bailouts is a hot topic for debate among everyone these days. hubert: indeed, it’s gotten crazy! a government bailout of severely distressed financial firms is unnecessary because free markets will properly price assets. kate: i don’t know about that. without a bailout of severely distressed financial firms, the economy will experience a deep recession. the disagreement between these economists is most likely due todifferences in scientific judgments . despite their differences, with which proposition are two economists chosen at random most likely to agree? business managers can raise profit more easily by reducing costs than by raising revenue. central banks should focus more on maintaining low unemployment than on maintaining low inflation. employers should not be restricted from outsourcing work to foreign nations

How does having a flexible mind you become a better employee? a. it you become more honest toward work. b. it you become a team player. c. it you learn new things that will better your performance. d. it you to finish your work on time. e. it you reach work on time