State with reasons whether the following propositions are correct. (a). In an undertaking with a high fixed
Question:
State with reasons whether the following propositions are correct.
(a). In an undertaking with a high fixed cost, break-even point can be attained at a lower level of activity.
(b). Profit is represented by the product of the margin of safety and the P/V ratio.
(c). In relation to normal sales, a low margin of safety along with a high P/V ratio is generally an indication of high fixed costs.
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