What is break-even analysis and expenses concepts?
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What is break-even analysis and expenses concepts?
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- Explain the concepts of revenue, costs, break-even and profit with examples?Discuss the following components of break-even analysis: fixed costs, variable and semi-variable costs, and contribution margin. How does cash flows versus accounting flows affect break-even?What effect do minor deviations from the EOQ have on totalinventory cost?
