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This second edition continues with the successful comprehensive collection of cost-volume-pro t applications. Whether you’re a business professional, entrepreneur, business professor, or student, you will bene t from this one stop how-to book of formulas, explanations, and examples. This new edition offers a wide range of topics, from calculating basic breakeven, to dealing with multiple products, mixed costs, changing costs, and changing prices. Michael E. Cafferky is the Ruth McKee Chair for Entrepreneurship and Business Ethics at Southern Adventist University’s School of Business and Management. In an addition to a doctoral degree in business from Anderson University Falls School of Business he also holds masters degrees in public health and religion. The author of eight books, Cafferky is a member of the Academy of Management and the Christian Business Faculty Association. He has received Southern’s President’s Award for Excellence in Scholarship and the national Sharon Johnson Award from the Christian Business Faculty Association.
What is Break Even Economics The point at which total costs and total revenues are equal, or "even," is referred to as the break-even point (BEP) in the fields of economics, business, and cost accounting. It is possible to say that one has "broken even" because there is neither a net loss nor a gain, despite the fact that opportunity costs have been paid and capital has received the risk-adjusted, projected return. As a result, there is neither a profit nor a loss, and all of the costs that are required to be paid have been paid. Karl Bucher and Johann Friedrich Scher are the ones that came up with the development of the break-even analysis. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Break-even (economics) Chapter 2: Monopoly Chapter 3: Perfect competition Chapter 4: Cost accounting Chapter 5: Profit maximization Chapter 6: Cost-plus pricing Chapter 7: Marginal cost Chapter 8: Variable cost Chapter 9: Operating leverage Chapter 10: Cournot competition Chapter 11: Gross margin Chapter 12: Contribution margin Chapter 13: Cost curve Chapter 14: Total cost Chapter 15: Pricing strategies Chapter 16: Average variable cost Chapter 17: Cost-volume-profit analysis Chapter 18: Shutdown (economics) Chapter 19: Cigar Box method Chapter 20: Profit-based sales targets Chapter 21: Profit model (II) Answering the public top questions about break even economics. (III) Real world examples for the usage of break even economics in many fields. Who this book is for Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Break Even Economics.
This book explains the vocabulary of cost-volume-profit (breakeven) analysis (CVP), explores the breadth of applications of CVP, and illustrates the use of CVP concepts in a broad range of management and marketing scenarios. The book examines the proper identification of a 'unit', the various formulations of breakeven, profit planning using the breakeven formulas, and the application of CVP in sensitivity analysis. Each chapter will offer several important ingredients for a practical 'how to' approach: the type of data needed, the formula, how to calculate and interpret the math, a specific example followed by a brief review of the assumptions and limitations of that method.
Small business owners are walked through the process of writing a business plan step-by-step using easy-to-follow to-do lists--from determining the type of plan needed to what the various pieces should be to common mistakes to avoid.
The Savvy Studio Owner details all aspects of starting and running a professional sound-recording studio, from smaller project-style facilities to million-dollar majors. The authors discuss the business and engineering aspects of operating a studio logically and chronologically, starting with initial considerations and continuing through planning, startup, and expansion. From business structures, financing, and government regulations to marketing, taxes, and long-term financial planning, the information in The Savvy Studio Owner is based on detailed research and sound practices in the recording industry. The practical "how-to" style presents numerous examples and applications from the business and sound-recording worlds. Even if you have no prior business or sound-recording experience, The Savvy Studio Owner will let you research, start, and succeed in creating a sound-recording studio. Book jacket.