3.3 Evaluate break-even analysis as a decision-making tool. The definition of the Break-even analysis: The break-even analysis is an analysis of a product or company’s sales required to neither lose money nor make a profit‚ but simply to cover costs. Explain in mathematical term: total revenues – total costs = 0. The methods: By using a break-even formula or by drawing a break-even chart. Why is it so important using a break-even analysis? Because it gives vital information about a business or
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The company was established in 1937 by the Deutsche Arbeitsfront‚ the Nazi Trades union organization (Bowler‚ 2015). The company was named Volkswagenwerk‚ or “The People’s Car Company.” because Adolf Hitler has a vision to produce cars for people of the Reich. Hitler proposed that the car should carry 5 people‚ able to run at 62mph (100km/h)‚ and cost only 1000 Reich Marks (around $160) which supposedly affordable for every Reich family (Knorr‚ 1998). His vision made reality by an Australian automotive
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the vacancy percentage and increase the revenue for the rental company. This is thought of as a temporary fix on a month to month lease basis and provides us with a good example of what microeconomics is. When a new company decided to move into town and increase the population as well as increase the number of jobs provides us with another good example of microeconomics. Because the population increased and the jobs increased means the rental rates are increased as well in order to respond to
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Cost-Volume-Profit and Break-Even Analysis Your Name ACC/561 October 12‚ 2011 Andrea Dixon Cost-Volume-Profit and Break-Even Analysis Snap Fitness Owning a business is an expensive and risky venture‚ but buying a franchise is one way to lower the risk and build confidence in the success of that new business. As a ‘no-frills’ type of fitness center‚ Snap Fitness offers its customers convenient‚ 24-hour access‚ hassle-free work outs without an annual contract. The company offers assistance
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important for many reasons. Zoom Car Company is being sued on part of Daniel Boone for them to pay for his medical expenses resulting from being dragged from his car and being beaten. The reason behind this is his compass that was installed in his car by Zoom Car Company was faulty which lead him in the wrong direction where he got lost and ended up in a horrible situation. Daniel Boone is suing for his medical bills to be paid by the company of the faulty feature the car offered when it was bought.
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Steve the salesperson was completely liable under the law for entering a contract with an underage minor. As a car company representative there is protocol which must be used when entering into any contract and a major part of protocol is to ensure that both parties are of legal age at the time of sale. Another possibility that may be a remedy for this situation is for Car Company to take legal action against Jeff‟s legal guardians. Under the law any minor who misrepresents themselves intentionally
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Q1: How has Enterprise Rent-A-Car (ERAC) defined its service differently than that of the typical national car rental company? Enterprise Rent-A-Car (ERAC) defined its service differently by a number of approaches that differs them from their competition. One of their approaches to car rental industry is their business philosophy of placing customer first then employees‚ which they put a lot of effort into recruiting‚ hiring and training. With satisfied customers‚ they will be sure to come back
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C_State‚ C_Zip) 2. CAR (Vehicle_ID‚ Lic_Plate_No‚ Make‚ Model‚ Price‚ Mileage‚ Car_Type‚ D_Name) FK D_Name DEALER 3. COMPACT_CAR (C_Vehicle_ID‚ No_of_Doors) FK C_Vehicle_ID CAR 4. LUXURY_CAR (L_Vehicle_ID‚ Headroom‚ Legroom‚ Premium) FK L_Vehicle_ID CAR 5. DEALER (D_Name‚ D_Phone‚ D_Street‚ D_City‚ D_State‚ D_Zip) 6. SERVICE_CO (Co_Name‚ Co_Phone‚ Co_Street‚ Co_City‚ Co_State‚ Co_Zip) 7. MAINTENANCE (Vehicle_ID‚ Serv_Date‚ Serv_Code‚ Co_Name) FK Vehicle_ID CAR FK Co_Name SERVICE_CO
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Our Services and Amenities 360 car wash Company is a complete car wash company that offers a wide range of services that revolves around car wash and other complementary services. We intend giving our customers every reason to always come back‚ which is why we have customized our services. Our customers will definitely maximize their time when they visit our car wash. These are the services and amenities that will be made available to our guests; • Exterior car washing • Interior cleaning • Waxing
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Assignment: Fixed Costs‚ Variable Costs‚ and Break-Even Point Exercise 10.1 During the sixth month of the fiscal year‚ the program director of the Westchester Home-Delivered Meals (WHDM) program decides to again recompute fixed costs‚ variable costs‚ and the BEP using the high–low method. Here are the number of meals served and the total costs of the program for each of the first six months: Month Meals Served Total Costs July 3‚500 $20‚500. August 4‚000 $22‚600. September 4‚200 $23
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