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a) What is CVP analysis? How does CVP analysis help managers in making many important decisions? a) “Opportunity cost is also called opportunity loss”. Why? Explain with example. b) What are the major elements of period costs in a manufacturing company? Explain them with examples. a) “Multiple-step income statement and Classified balance sheet are widely used by medium and large companies”. Do you think so? Justify your opinion. b) Adjusting entries are required every time a company prepares financial statements. What are the reasons behind it? a) What uses of financial statement analysis are made by short-term creditors, long-term creditors and stockholders? [02] b) Mention the various tools used to evaluate the significance of financial statement data and describe them. [02]
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