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Unit 5 Discussion_16...
I would use the First-In-First-Out (FIFO) approach for inventory costing if I were to start my own company that required me to maintain an inventory. The most popular and widely acknowledged inventory...

Unit 5 Discussion
Unit 5 Discussion

I would use the First-In-First-Out (FIFO) approach

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The art work that I have chosen for this week’s assignment is indeed a very controversial one. The Holy Virgin of Mary by Chris Ofili was censored around 1999 and created a stir of controversies, more...

Week 7 Assignment: Controversial Art and Censorship
Week 7 Assignment: Controversial Art and Censorship

The art work that I have chosen for this week’s

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Artifacts and Theme Cultural Artifacts The first work that I have chosen is Frida Kahlo's "Self-Portrait with Thorn Necklace and Hummingbird". This is a 47 cm x 61 cm oil painting and it was created i...

Module 2 Assignment
Module 2 Assignment

Artifacts and Theme Cultural Artifacts The first w

Breakeven point

Breakeven point

Q Enroll in the Basics of Finance course at HPLife. The link will work best with Chrome or FireFox. Complete the course and copy the calculation of your break-even point as proof of having completed the exercise. If the link does not work, then search “HP Life E-Learning” and follow the link to “Courses” and then “Basics of Finance.” You will need Excel to complete this exercise and you must enroll with a valid email address.

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Break-Even Point Calculations Without startup costs With startup costs How much will I charge per unit? Over how many months will I spread out my startup cost payments? Selling price (per unit) 12.00 Startup costs 3300.00 Minus variable costs (cost per unit) - 7.00 Number of months to repay the startup costs ÷ 12 Contribution margin (profit per unit not considering fixed costs) 5.00 Startup costs (monthly) 275.00 Units to sell each month to cover monthly fixed costs Units to sell each month to cover monthly fixed costs with startup costs included Fixed costs (monthly) 2500.00 Startup costs (monthly) + 275.00 Fixed costs (monthly) 2500.00 Fixed and startup costs (monthly) 2775.00 Divided by contribution margin ÷ 5.00 Divided by contribution margin ÷ 5.00 Break-even point (monthly) 500.00 units Break-even point including startup costs (monthly) 555.00 You must sell at least 500.00 units each month in order to break even, including monthly fixed costs. You must sell at least 555.00 units each month in order to break even, including monthly fixed and startup costs.