Break Even starter by

Formula for contribution is

margerhall — 2013-05-05 16:27:44 UTC

2013-05-09 09:31:01 UTC

An allocated budget is

margerhall — 2013-05-12 09:59:01 UTC

break even occurs when costs=revenue and then a business starts

2013-05-13 10:39:37 UTC

to make a profit

Megan O'Brien

2013-05-13 10:39:38 UTC

The margin of safety is the amount of money made between the break even point and the profits

An allocated Budget is

2013-05-13 10:39:43 UTC

An allocated budget is a method of allocating funds as they become available into individual categories from which expenses are paid, as opposed to balancing a common pool into which income is deposited and from which expenditures are withdrawn in a reactionary manner

Variable Costs: Anthony Moran

2013-05-13 10:39:44 UTC

Variable Costs are when prices for a business change depending on how many customers they recieve. an example would be, one month a hair salon will pay £50 for their shampoo and conditioner but if the customers for the salon increased then the prices would decrease and becomje £15

The formula for contribution is, total sales - variable costs

2013-05-13 10:39:44 UTC

Formula for profit is

2013-05-13 10:39:49 UTC

profit sales x 100

Sam Rowe

2013-05-13 10:39:51 UTC

Contribtion is the difference between sales and variable costs of production

Variance is the difference between the allocated budget and what they actually spend

2013-05-13 10:39:55 UTC

variable costs are the costs that change depending on the amount of customers coming into the business

2013-05-13 10:40:01 UTC

John Fleming - Fixed Costs

2013-05-13 10:40:07 UTC

Fixed costs, do not change based on the number of customers a business has they remain the same, even if the number of customers increases or decreases hence the name ''Fixed Costs''.

Fixed costs are costs that do not change monthly or annually, they stay the same. This includes rent for the building.

2013-05-13 10:40:08 UTC

- Rory

Revenue is the money that comes into the business from goods and sales - Sian Irvine:)

2013-05-13 10:40:12 UTC

2013-05-13 10:40:13 UTC

The Formula for Profit is - Total Revenue - Cost = Profit

2013-05-13 10:40:17 UTC

HEBE MAHON

Zero-based budgeting is an approach to planning and decision-making which reserves the working process of traditional budgeting

2013-05-13 10:40:51 UTC

James McCullough

alphinee

2013-05-13 11:24:22 UTC

Rim

2013-05-13 11:27:52 UTC

Shaun is a stoner

2013-05-13 11:28:25 UTC