Managerial accounting is all about making informed decisions. Cost-volume-profit (CVP) analysis is one of the most powerful tools available for managers to crunch numbers, gain a thorough understanding of a situation, and perform a what-if analysis.
Write a paper that is at least 750 words (papers less than 750 words will receive a reduction in points) in which you discuss the activities and learning this week and share how CVP analysis may be helpful to an entrepreneur starting a new business.