Running a Profitable Business: Calculating Breakeven/ with Jim Stice and Kay Stice.

Format:

Video

Author/Creator:

Stice, Jim, speaker.

Contributor:

Stice, Kay, speaker.

linkedin.com (Firm)

Language:

English

Genre:

Instructional films.

Educational films.

Video recordings.

Physical Description:

1 online resource

polychrome

Place of Publication:

Carpenteria, CA:: linkedin.com, 2016.

System Details:

Latest version of the following browsers: Chrome, Safari, Firefox, or Internet Explorer. Adobe Flash Player Plugin. JavaScript and cookies must be enabled. A broadband Internet connection.

Summary:

How do you know when you'll make a profit? Jim and Kay Stice explain the ins and outs of breakeven analysis and cost-volume-profit analysis, and what it means for your business.

Starting a business can be pricey. Breakeven analysis and cost-volume-profit analysis will help you understand when?and if?your business will start to recover those costs and begin making a profit. Understanding your breakeven point will help you to determine how much you need in revenue to keep your business going. Accounting professors Jim and Kay Stice walk through the breakeven equation, and cover types of costs, contribution margin, breakeven point, and net income. They also explain what each term means, and the importance of each, and offer examples from popular real-world companies. Want to learn more? Learn about three types of accounting?financial, managerial, and income tax?in their Accounting Fundamentals course.

Participant:

Presenter: Jim Stice

Notes:

3/01/20161

Access Restriction:

Restricted for use by site license.