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Profit at any level of sales in amount is measured as

A. Sales * P/V ratio – Variable cost

B. Sales * P/V ratio + Fixed cost

C. Sales * P/V ratio – Fixed cost

D. Sales * P/V ratio + Variable cost

Related Questions on Management Accounting Test Questions

Time value of money indicates that

A. A unit of money obtained today is worth more than a unit of money obtained in future

B. A unit of money obtained today is worth less than a unit of money obtained in future

C. There is no difference in the value of money obtained today and tomorrow

D. None of the above