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"Education is the most powerful weapon which you can use to change the world”
– Nelson Mandela

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Week 7 Break Even Analysis, Budgets, and Economics

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Q Did you complete an economics course prior to ACCT 301? Did it help you as you considered topics on Managerial Accounting in our class?

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I have taken a few economics classes, so prior to taking ACCT 301, I had some knowledge of break even analysis and budgeting. In addition to that, I am a manager at my family's business, so I usually deal with budgets and break even analyses. When it comes to break even analysis, the target is to find the margin of safety in doing business.