The ownermanager of a small business enterprise was heard to make the following remark: Break-even analysis has
Question:
The owner–manager of a small business enterprise was heard to make the following remark: ‘Break-even analysis has little relevance for my business. I am not in business to break even, but to make profits.’ Do you agree with this statement? Explain your position.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 42% (14 reviews)
Cannot agree with the opinion expressed by the owner manager CVP a...View the full answer
Answered By
Issa Shikuku
I have vast experience of four years in academic and content writing with quality understanding of APA, MLA, Harvard and Chicago formats. I am a dedicated tutor willing to hep prepare outlines, drafts or find sources in every way possible. I strive to make sure my clients follow assignment instructions and meet the rubric criteria by undertaking extensive research to develop perfect drafts and outlines. I do this by ensuring that i am always punctual and deliver quality work.
5.00+
6+ Reviews
13+ Question Solved
Related Book For
Accounting
ISBN: 978-1118608227
9th edition
Authors: Lew Edwards, John Medlin, Keryn Chalmers, Andreas Hellmann, Claire Beattie, Jodie Maxfield, John Hoggett
Question Posted:
Students also viewed these Business questions
-
As the marketing manager for a mobile phone company explain how CVP analysis could be useful in determining the best mix of price, volume, sales mix and advertising.
-
The following information relates to the cash position of Cathy Fraser, loan broker: 1. Cash at Bank account balance as at 30 June 2016: $45 451 debit. 2. Bank statement balance as at 30 June 2016:...
-
SJM Ltd has prepared the following income statement information showing the actual contribution margin earned from the sale of its only product, and the planned contribution margin . Budget Actual...
-
______________ is an approach to doing business that attempts to maximize an organization's competitiveness through the continual improvement of the quality of its products, services, people,...
-
An analysis of the product line items in the retail stores of the Save-More Drug chain shows that 20 percent of the items stocked account for 65 percent of the dollar sales. A typical store carries...
-
At 11:57 pm on March 12, 1928, the two-year-old St Francis dam on the outskirts of Los Angeles failed catastrophically and the dam emptied. The resulting flood was one of the worst US civil...
-
Can you create a graphic of the Fairmont payroll systems company expenses that highlight general accounting clerk, Mary Perez, has company expenses for FICA (social security), Medicare and 401K,...
-
The balance sheet of Hutter Amalgamated is shown below. If the 12/31/2010 value of operations is $756 million, what is the 12/31/2010 intrinsic market value of equity? Balance Sheet, December 31,...
-
A vehicle of mass m = 1500kg travels on a circular curve of radius R = 1km at a speed of v = 10m/s. There is static friction between the road and the vehicle's tires. R Road with a circular curve of...
-
Madrid FC own land in the metropolitan area of Madrid. They would like to build a sports complex which would include state-of the art training facilities for elite athletes. Your consultancy office...
-
Many airlines offer substantial discounts on some of their normal airfares. How can these discounts be justified on the basis of CVP relationships? Use relevant examples to explain your answer.
-
Imagine you are the manager of a hotel. What are some of the fixed, variable and mixed costs of running the hotel and how could you use CVP relationships for profit planning?
-
What happens when a major part that has been recognized as a separate component is replaced in an asset?
-
Emancipation has no effect on a minors contractual capacity. (True/False)
-
Kingston has a cause to sue Mary in a tort action but agrees not to sue her if she will pay for the damage. If she fails to pay, Kingston can bring an action against her for breach of contract. This...
-
Chad Parker owned an acre of property and a mobile home on that property. He sold the mobile home to David and Allison Wilson for $1,000 and sold the property to them for $10,000. These agreements...
-
Shannon contracts with Dan to build two houses on two lots. After the first house is finished, they decide to build a garage instead of a house on the second lot. Under these circumstances, a. they...
-
Doug has been drinking heavily. Joe offers to buy Dougs farm for a fair price. Believing the deal is a joke, Doug writes and signs an agreement to sell and gives it to Joe. Joe believes the deal is...
-
Jim Mead is a veterinarian who visits a Vermont farm to examine prize bulls. In order to examine a bull, Jim first gives the animal a tranquilizer shot. The effect of the shot is supposed to last an...
-
Suppose the concentration of glucose inside a cell is 0.1 mm and the cell is suspended in a glucose solution of 0.01 mm. a. What would be the free energy change involved in transporting 10-o mole of...
-
What is the basis for distinguishing between operating and non-operating items?
-
What is the basis for distinguishing between operating and non-operating items?
-
What is the basis for distinguishing between operating and non-operating items?
-
During the first quarter of the year, Coronado Industries generated sales revenue of $1260000 on sales of 60000 units of its wireless earbuds. The break-even point is 30000 units. What is the...
-
In the Depreciation Recapture Example, if Mike sells the property for $350,000, how much income would he realize?
-
What impact do leadership styles and behaviors have on team-building outcomes, and how can leaders adapt their approach to leadership to accommodate diverse team compositions, work contexts, and...
Study smarter with the SolutionInn App