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Which of the following statements are true about P/V ratio?

A. P/V Ratio can never be used to measure break-even point

B. Higher the P/V ratio less will be the profit and vice versa

C. Concept of P/V ratio is also used to determine profit at a given volume of sales

D. All of the above

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