Flash cards testing on knowledge of AQA Accounting Unit 4 - Break-even Analysis
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What are the Nature Costs?
What does the 'Target Profit' show?
What is the formula to show how many sales are required to reach the target profit?
What are the 3 methods to calculate break even?
What does table method of calculating the break-even point look like?
What is the formula to work out the break-even point?
What does Graph method of calculating the break-even point look like?
What can break-even be used interpret?
What does the table to interpret what the profit would be after selling
a certain amount of units, look like?
What is the Margin of Safety?
What are the 3 formulas to calculate margin of safety?
What are the Advantages of break-even analysis?
What are the Dis-advantages/ Limitations of break-even analysis?
What are the Dis-advantages/ Limitations of break-even analysis?
When do you use Break-even analysis?
Explain why you should use Break-even analysis before starting a new business
Explain why you should use Break-even analysis when making changes within a business
Why is Break-even analysis used?
Explain why you should use Break-even analysis to measure profits and losses
Explain why you should use Break-even analysis to answer 'what if?' questions
Explain why you should use Break-even analysis to evaluate alternative viewpoints
Explain why you should use Break-even analysis to evaluate alternative viewpoints
What is the (Contribution sales/Profit Volume) ratio used for?
What does the (Contribution sales/Profit Volume) ratio show?
How is the (Contribution sales/Profit Volume) ratio calculated?
What is the formula used to calculate the (Contribution sales/Profit Volume) ratio?
