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QUESTION 21 If seat turnover increases, average check also increases, assuming total revenue remains unchanged. O True False QUESTION 22 When sales remain the same, increase in variable cost results in decrease in the contribution margin ratio while performing the cost-volume-profit analysis O True O False QUESTION 23 The income statement gives a picture of the financial position of a business during the fiscal period. True O False QUESTION 24 You manage a McDonald's in Germany. At the beginning of the year, the exchange rate was $1 = 1 Euro. At the end of the year, the exchange rate is $1 = 90Euro. You report profits of 450.000 Euros. During the year 99 of your profits increased in terms of dollars from the exchange rate change. O True o false QUESTION 21 If seat turnover increases, average check also increases, assuming total revenue remains unchanged. O True False QUESTION 22 When sales remain the same, increase in variable cost results in decrease in the contribution margin ratio while performing the cost-volume-profit analysis O True O False QUESTION 23 The income statement gives a picture of the financial position of a business during the fiscal period. True O False QUESTION 24 You manage a McDonald's in Germany. At the beginning of the year, the exchange rate was $1 = 1 Euro. At the end of the year, the exchange rate is $1 = 90Euro. You report profits of 450.000 Euros. During the year 99 of your profits increased in terms of dollars from the exchange rate change. O True o false