List the cost-volume-profit (CVP) assumptions
What will be an ideal response
The CVP assumptions are:
1. The price per unit does not change as volume changes.
2. Managers can classify costs as variable, fixed, or mixed.
3. The only factor that affects total costs is change in volume, which increases or decreases variable and mixed costs.
4. Fixed costs do not change.
5. There are no changes in inventory levels
Business
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Indicate whether the statement is true or false
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A) sweethearting B) retail borrowing C) party planning D) nonstore retailing E) retailtainment
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