As a finance major, some of the reasons that you need to have a more educated knowledge of taxation and advanced cost accounting are: You will be required to prepare individual tax returns as part of your job. You will be held to a higher level of knowledge in this area when advising clients. This knowledge should help you make better decisions. Both B and C. With this knowledge you will be able to beat all the market averages with your investments. Many believe that our tax, deficit, problems could all be solved by eliminating fraud and waste. Recently, private contractors found 20 million dollars of Medicare fraud, but, their fees for this work were about: $102,000,000 $102,000 $102,000,000,000 Worth every penny to catch those crooks. C is a typo. All other things the same, in periods of increasing sales, net operating income will tend to increase more rapidly in a company with high variable costs and low fixed costs than in a company with high fixed costs and low variable costs. True False