Break-even Study guides, Class notes & Summaries

How much horizontal table space do you need per person in a classroom setting? 2 feet How much horizontal table space do you need per person in a classroom setting using laptops? 2.5 feet What is the 2 x 8 rule? The first row of audience should be 2 times the height of the screen, the last row should be no more than 8 times the height of the screen. What is the formula for the number of attendees needed to break even? Subtract variable cost per attendee from registration...

Week 5: Break-even Analysis Assignment

1. Peter owns a barber shop. His total monthly cost is $3,500.00. He charges $15.00 per hair cut. How many hair cuts must his shop perform to break-even? ~ Answer: 234 2. TRUE OR FALSE: Fixed Costs change depending on the volume of production. ~ Answer: False 3. Which 2 types of information may be found on a profit and loss statement? ~ Answer: Revenue / Expenses 4. TRUE OR FALSE: Customer Retention Rate is the percentage of existing customers who remain custo...

Revenue Management Final Exam | Latest 2023 with complete solution What is the industry term used to describe the sum of prices paid by a business's customers? - Total Revenues Historically, what concept have hospitality managers chiefly used to calculate their selling prices? - Costs What is an algebraic equivalent of the formula: Sales = Costs + Profit? - Profit = Sales - Costs What is the name for the net value achieved by both parties in a business transaction? - Profit What elem...

Week 5: Break-even Analysis Assignment

HFMA's CSAF 2021, Certified Specialist Accounting And Finance Study Guide 2024. Contribution Margin - ANSWER Difference between marginal revenue and marginal cost. Break-even point - ANSWER Level of sales volume of a product producing the exact amount of contribution margin needed to cover fixed costs. Overhead - ANSWER Indirect Costs Activity-based costing (ABC) - ANSWER Method of determining product costs using cost drivers or activity measures, which cause indirect costs to be incu...

MAC3701 Assignment 2 (DETAILED ANSWERS) Semester 2 2023 - DUE 11 September 2023 100% TRUSTED workings, explanations and solutions. For assistance call or Whatsapp us on +25477 954 0132 . QUESTION 1 (continued) REQUIRED For each question below, remember to: • Clearly show all your calculations in detail; • Where necessary, indicate irrelevant amounts/adjustments with an R0 (nil-value); • Round all your workings to two decimals, except where otherwise stated; and • Ignore all ...

Break-Even Analysis Case Study You and several of your colleague business partners have decided to establish an outpatient fertility clinic in your service area. All of you are very familiar with thi s patient population base, have completed an extensive market analysis that demonstrated a great need for the service, and are comfortable with setting up a business and the costs associated with this special group of patients. As part of the business plan, you and your partners will need to convinc...

IB Business and Management SL and HL definitions 2023 above-the-line promotion - Answer-a form of promotion that is undertaken by a business by paying for communication with consumers, e.g. advertising acid test ratio - Answer-liquid assets - current liabilities accountability - Answer-the obligation of an individual to account for his or her activities and to disclose results in a transparent way adverse variance - Answer-exists when the difference between the budgeted and actual fi...

WGU C215 Operations Management PVDC Final Exam Questions and Answers Graded A Which definition is used for quality, evaluates how well a product performs its intended function? Fitness for use 14 points for quality improvement Which total quality management (TQM) process was developed to stress management's responsibility for quality? ISO 9000 Set of international standards on quality management and quality assurance, critical to international business -TQM process consists of 13 published s...