Suppose that you want to start a new business. You know that the revenue is a function of the number of widgets that your new company sells and that the cost is a function of the number of widgets that your new company produces. Given this information, what method would you use to solve for the break-even point? Explain what your answer means.

Question

stephaniezavala stephaniezavala

10-01-2018
Mathematics

contestada

Suppose that you want to start a new business. You know that the revenue is a function of the number of widgets that your new company sells and that the cost is a function of the number of widgets that your new company produces. Given this information, what method would you use to solve for the break-even point? Explain what your answer means.

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ryianelizabeth ryianelizabeth · Answer 1 · 2018-01-10T15:52:54+01:00

How to calculate breakeven point is a key financial analysis tool used by business owners. Once you know the fixed and variable costs for the product your business produces, or a good approximation of them, you can use that information to calculate your company's breakeven point. Itis a popular tool used by small business owners to determine how much volume of their product they must sell in order to make a profit. It is also an important part of cost-volume-profit analysis.

SavannahGrace06 SavannahGrace06 · Answer 2 · 2021-03-31T02:55:07+02:00

Answer:

Step-by-step explanation:

How to calculate breakeven point is a key financial analysis tool used by business owners. Once you know the fixed and variable costs for the product your business produces, or a good approximation of them, you can use that information to calculate your company's breakeven point. It's a popular tool used by small business owners to determine how much volume of their product they must sell in order to make a profit. It is also an important part of cost-volume-profit analysis.