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Explain the difference between fixed and variable costs

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Question 1: Why is it important to distinguish between sustainable income and actual net income? Is one more important than the other? Please explain

Question 2: Explain the difference between fixed and variable costs and give two examples of each. Can a company budget for variable costs? Explain.

Question 3: Why is it important to determine a company's break-even point? (cost-volume-profit (CVP) analysis. )

Reference no: EM132468369

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