Describe the importance of Break-Even Analysis in business finance and how managers can use this tool to make financial management decisions.

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Due DateOct 6, 2021 11:59 PM
things learned so far ”Learning ObjectivesBy the end of this week, students should be able to do the following:
Describe the importance of Break-Even Analysis in business finance and how managers can use this tool to make financial management decisions.Explain the concepts of fixed and variable costs used in break-even analysis, including identifying which is an indirect cost and which is a direct cost.Differentiate between accounting break-even and cash break-even analysis.Apply break-even analysis to evaluate project risk. (13.3)”