Important element in the discussion of operating leverage

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What is break-even analysis and why is it an important element in the discussion of operating leverage? In your response include a discussion on the break-even point.

Compare fixed and variable costs and explain the significance of the difference in making financial decisions. What does contribution margin (CM) mean?

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Important element in the discussion of operating leverage : What is break-even analysis and why is it an important element in the discussion of operating leverage? In your response include a discussion on the break-even point.

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