breakeven

Gold99Star
Mind Map by Gold99Star, updated more than 1 year ago
Gold99Star
Created by Gold99Star over 5 years ago
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Description

Mind Map on breakeven, created by Gold99Star on 10/09/2014.

Resource summary

breakeven
1 Fixed costs
1.1 fixed costs do not change with output
1.1.1 Examples: salary
1.1.1.1 insurance
1.1.1.1.1 tax
1.1.1.1.1.1 advertising
1.1.2 how ICT spreadsheet help business with break even
1.1.2.1 if you need to add something the computer will add it for you
2 variable cost
2.1 costs that change with output
2.1.1 example:wages
2.1.1.1 raw marterials
3 breakeven analysis
3.1 also given to work out profit
3.2 it show how many products company need to sell to make profit
3.3 it can be used to calculate the sales needed to make a profit at any given price
3.4 business use it to find break even point when they want to make a change in price
4 Table and Chart
4.1 step 1 complete the table
4.1.1 step 2 plot fixed costs
4.1.1.1 step 3 plot variable costs
4.1.1.1.1 step 4 plot total costs
4.1.1.1.1.1 step 5 plot sales
5 revenue
5.1 total revenue
5.1.1 number of sales x selling price
5.1.1.1 total cost
5.1.1.1.1 fixed cost + variable cost
5.1.1.1.2 profit
5.1.1.1.2.1 total revenue - total costs
5.2 this is now much the business makes
6 advantages and disadventages
6.1 sales needed to breakeven
6.1.1 shows change of output
6.1.2 it assumes all output
6.1.2.1 plotting has to be accurate
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