# Register now to access 7 million high quality study materials (What's Course Hero?) Course Hero is the premier provider of high quality online educational resources. With millions of study documents, online tutors, digital flashcards and free courseware, Course Hero is helping students learn more efficiently and effectively. Whether you're interested in exploring new subjects or mastering key topics for your next exam, Course Hero has the tools you need to achieve your goals.

6 Pages

### Lecture 06 Formulas

Course: MKT 1003, Summer 2010
School: Scottsdale Community...
Rating:

Word Count: 206

#### Document Preview

6 Cost-Volume-Profit Relationships McGraw-Hill/Irwin Copyright Chapter 2006, The McGraw-Hill Companies, Inc. Contribution Margin Ratio The contribution margin ratio is: Total CM CM Ratio = Total sales Or, in terms of units, the contribution margin ratio is: Unit CM CM Ratio = Unit selling price McGraw-Hill/Irwin Copyright 2006, The McGraw-Hill Companies, Inc. Equation Method Profits = (Sales Variable...

Register Now

#### Unformatted Document Excerpt

Coursehero

Course Hero has millions of student submitted documents similar to the one
below including study guides, practice problems, reference materials, practice exams, textbook help and tutor support.

Course Hero has millions of student submitted documents similar to the one below including study guides, practice problems, reference materials, practice exams, textbook help and tutor support.
6 Cost-Volume-Profit Relationships McGraw-Hill/Irwin Copyright Chapter 2006, The McGraw-Hill Companies, Inc. Contribution Margin Ratio The contribution margin ratio is: Total CM CM Ratio = Total sales Or, in terms of units, the contribution margin ratio is: Unit CM CM Ratio = Unit selling price McGraw-Hill/Irwin Copyright 2006, The McGraw-Hill Companies, Inc. Equation Method Profits = (Sales Variable expenses) Fixed expenses OR Sales = Variable expenses + Fixed expenses + Profits The equation can be modified to calculate the break-even point in sales dollars. Sales = Variable expenses + Fixed expenses + Profits X = VC% of sales X + \$80,000 + \$0 \$0 McGraw-Hill/Irwin Copyright 2006, The McGraw-Hill Companies, Inc. Contribution Margin Method The contribution margin method has two key point = in equations. Break-even units sold Break-even point in total sales dollars = Fixed expenses Unit contribution margin Fixed expenses CM ratio Total CM CM Ratio = Total sales McGraw-Hill/Irwin Copyright 2006, The McGraw-Hill Companies, Inc. The CVP Equation Method Sales = Variable expenses + Fixed expenses + Target Profits \$sales PUQ = \$VC PUQ + \$80,000 + \$100,000 Unit sales to attain = the target profit McGraw-Hill/Irwin Fixed expenses + Target profit Unit contribution margin Copyright 2006, The McGraw-Hill Companies, Inc. Operating Leverage A measure of how sensitive net operating income is to percentage changes in sales. Degree of Contribution margin = operating leverage Net operating income McGraw-Hill/Irwin Copyright 2006, The McGraw-Hill Companies, Inc.
Find millions of documents on Course Hero - Study Guides, Lecture Notes, Reference Materials, Practice Exams and more. Course Hero has millions of course specific materials providing students with the best way to expand their education.

Below is a small sample set of documents:

Scottsdale Community College - MKT - 1003
QUIZZ # 1MARK TRUE OR FALSLE.1. Articles of Association deals with internal affairs of company.2. Articles of Association defines contractual capacity of company.3. Unlisted Public company must have minimum 2 directors.4. Schedule 3 of companies ordi
Scottsdale Community College - MKT - 1003
PROF.ADNANKHALID:[IT2003]IntroductiontoInformationInstructor:PROF.ADNANKHALIDTechnology(J)The course is designed to empower students with the basic understanding of computersystems. After passing this course the students would be able to use computer
Scottsdale Community College - MKT - 1003
Cell References: Relative and AbsoluteCell references are an important part of creating formulas in Excel. Using cell references allowsyour formulas to update automatically if the value in a particular cell changes and can also assistyou in updating fo
Scottsdale Community College - MKT - 1003
Electronic Commerce SystemsBy Saba MustafaElectronicCommerceFundamentalsIdentifythemajorcategoriesandtrendsofecommerceapplicationsIdentifytheessentialprocessesofanecommercesystem,andgiveexamplesofhowtheyareimplementedinecommerceapplicationsIdentif
Scottsdale Community College - MKT - 1003
Using What-if AnalysisThe real power in Excel comes in its ability to perform multiple mathematicalcalculations for you. One of the tools in Excel that you can use to perform these calculations is a Data tool calledWhat-If Analysis. What-If analysis al
Scottsdale Community College - MKT - 1003
X1Max. Marks: 30Time Allowed: MinutesCourse Title: Introduction to Information Technology (IT2003)Exam: Mid TermSection:Program:Students Name: _Reg. No: _Note: Cutting and over writing would be considered as an incorrect answer.Encircle the corr
American Internation College - PENGAJIAN - 101
Mengapa kita perlu mengetahuikita?sejarah negara kita?Dapat mengenali diri [asal-usul] - identitimasyarakat, bangsa dan negara.Dapat dijadikan sebagai panduan. Yangbaik dikenang dan dicontohi, sementarayang buruk dijauhi.Dapat menanam sifat cintak
What is QA?Quantitative Analysis forBusiness DecisionsUsing mathematical tools for businessproblemsBasic concepts, models, and skills usedextensively in businesses and organizationsDr. Mei LinSpring 20122Why QA?Your GoalIdentify and formulate
IntroductionChapter 2Probability Concepts andApplicationsLife is uncertain, we are not sure what thefuture will bringProbability is a numerical statement aboutProbabilitythe likelihood that an event will occurPart 1Difference between ex-ante pro
Monty Hall ProblemChapter 2Probability Concepts andApplicationshttp:/www.youtube.com/watch?v=mhlc7peGlGg10000 readers including 1000 Ph.D.s wrote tothe magazine Parade to claim the solutionpublished is wrongNumerous psychological studies examine
IntroductionChapter 3Decision AnalysisWhat is involved in making a good decision?Decision theory is an analytic and systematicapproach to the study of decision makingA good decision is one that is based on logic,considers all available data and pos
IntroductionChapter 4Regression ModelsRegression can be used toUnderstand the relationship between variablesPredict the value of one variable based on anothervariableThe variable to be predicted is called the dependentdependentvariable or the res
IntroductionManagers are always trying to reduce uncertaintyand make better estimates of what will happen in thefuture.Chapter 5ForecastingThis is the main purpose of forecasting.Some firms use subjective methods: seat-of-the pantsmethods, intuiti
Page 1-2Translation of Financial Statements - Current Rate MethodKingsfield, a U.S. Company, starts a subsidiary operation in a foreign country on January 1, 2009. The country's currency is thekumquat (KQ). To start this business, Kingsfield invests 10
Chapter 10Translation of Foreign Currency Financial StatementsTranslation of Financial StatementsOften subsidiaries in other countries are required by local regulations to use the_ currency where they are located.Their financial statements must be tr
Foreign Currency Transaction:On 12/1/10 Bush Company sells goods to Blair Company on account.Blair will pay Bush 10,000 British pounds in two months (2/1/11).Assume the following exchange (spot) rates:12/1/2010 1 = \$1.795012/31/2010 1 = \$1.81502/1/2
Chapter 9Foreign Currency Transactionsand Hedging Foreign Exchange RiskForeign Exchange MarketsEach country uses its own currency for internal economic transactions.To make transactions in another country, units of that countrys currency must beacqu
Page 1-4Demo Question-Chapter 7On January 1, 2009, Travers Company Acquired 90% of Yarrow Company's outstanding stock for \$720,000.The 10 % noncontrolling interest had an assessed fair value of 80,000 on that dateAny acquisition-date excess fair value
Chapter 7 Consolidated Financial Statements-Ownership Patterns and Income TaxesIndirect Subsidiary ControlWhen a parent controls a subsidiary which in turn controls other firms, a _ or_relationship exists7-2Father75 % OwnershipSon80 % ownershipG
Bonds Payable Issued by Sub 1/1/04Date of Issue: January 1, 2004Face Value = \$10,000Term of Issue = 10 yearsContractual Interest Rate = 7% annually, payable on December 31 each yearMarket Interest Rate = 8%Present Value of the Bond:Face Value of th
Chapter 6Variable Interest Entities, Intra-Entity Debt, andConsolidated Statement of Cash FlowsSpecial Purpose Entities (VIEs)A business entity formed to accomplish a _ purpose.A sponsoring firm may own little voting stock but controls the VIEActivi
Chapter 5Consolidated Financial Statements Intra-Entity Asset TransactionsIntra-Entity Inventory TransactionsTransactions between the parent and subsidiary are viewed as internaltransactions of a single _ entity.The effects of those transactions sho
Page 1: Intra-Entity Inventory TransferOn 9/23/2010, Parent Company buys 100 units of inventory from Sub for \$10,000.The units originally cost Sub \$8,000.At 12/31/2010 (year-end), Parent still had 10 of the units on hand.Record the consolidation entri
UT Dallas - BIOL - 1300
BIOL 1300 Exam 5 REVIEWPage 11.What actions regarding Oxygen and Carbon Dioxide occur at the lungs?Oxygen diffuses into the blood and carbon dioxide diffuses into the alveoli2.The most superior portion of the pharynx is thenasopharynx3. Name chara
UT Dallas - BIOL - 1300
BIOL 1300 FALL 2009 Unit 6 EXAM1. The vitreous and aqueous humors are found in theeye2. The primary cation in the interstitial fluid isSodium is the primary cation for ECF, potassium is the primary cation for ICF.3. The concentration of electrolytes
UT Dallas - BIOL - 1300
biol 1300 unit 3 review1. What is the name of the division of the nervous system that exclusively controls skeletalmuscles?a. Somatic nervous system2. Fibers that conduct impulses away from the cell body area. Axon3. What is not a classification of
UT Dallas - BIOL - 1300
Course SyllabusBIOL-1300 - BODY SYSTEMS WITH LAB_Course BIOL-1300, BODY SYSTEMS WITH LAB(Sec 101, 102, 103)Professor Dr. ILYA SAPOZHNIKOV, M.D., Ph. D.Term SPRING,2012Meetings The Lectures for all Sections: M/W1:00-1:50 P.M., ECSS 2.415The Lab: Se
UT Dallas - BIOL - 1300
BIOL 1300 Unit 1 Exam Review1. The system that transports blood to and from the cells is thecirculatory system2. There are numerous levels of organization in the body. The correct order from simplest to most complex isChemicals, cell, tissue, organ, o
UT Dallas - BIOL - 1300
Exam 2 Review BIOL 1300 W/Answer Key (at bottom)1. What is the name of the shaft of a long bone and the membrane that lines the marrowcavity?2. Name the hard bone and porous bone found in the shafts and ends of long bones.5. What are the cells that pr
UT Dallas - BIOL - 1300
BIOL 1300 Unit 1 Exam Review1. The system that transports blood to and from the cells is thecirculatory system2. There are numerous levels of organization in the body. The correct order from simplest to most complex isChemicals, cell, tissue, organ, o
UT Dallas - BIOL - 1300
BIOL 1300 Unit 1 Exam Review1. The system that transports blood to and from the cells is thecirculatory system2. There are numerous levels of organization in the body. The correct order from simplest to most complex isChemicals, cell, tissue, organ, o
University of Texas - CH - 204
whang (cw27622) Post-lab 1 Measurement lyon (51295) This print-out should have 25 questions. Multiple-choice questions may continue on the next column or page find all choices before answering. 001 10.0 points How many significant figures are in 4.150103
University of Texas - CH - 204
whang (cw27622) Post-lab 2 Enthalpy lyon (51295) This print-out should have 15 questions. Multiple-choice questions may continue on the next column or page find all choices before answering. 001 10.0 points Which compound has the smallest specific heat ca
University of Texas - CH - 204
whang (cw27622) Post-lab 3 Chemical Formula lyon (51295) This print-out should have 21 questions. Multiple-choice questions may continue on the next column or page find all choices before answering. 001 -bb-error = = 10.0 points1
University of Texas - CH - 204
whang (cw27622) Post-lab 4 Qualitative Analysis lyon (51295) This print-out should have 28 questions. Multiple-choice questions may continue on the next column or page find all choices before answering. 001 10.0 points Which ions are almost completely pre
University of Texas - CH - 204
whang (cw27622) Post-lab 5 Strong Acid Base lyon (51295) This print-out should have 35 questions. Multiple-choice questions may continue on the next column or page find all choices before answering. This post-lab assignment is due the Monday after spring
University of Texas - CH - 204
whang (cw27622) Post-lab 6 Copper Cycle lyon (51295) This print-out should have 30 questions. Multiple-choice questions may continue on the next column or page find all choices before answering. 001 Oxidizing agents 10.0 points1Identify the type of reac
University of Texas - CH - 204
whang (cw27622) Post-lab 7 - Weak acid buffer lyon (51295) This print-out should have 20 questions. Multiple-choice questions may continue on the next column or page find all choices before answering. 001 10.0 points In the titration of a weak acid with a
University of Texas - CH - 204
whang (cw27622) Post-lab 8 Bleach Redox lyon (51295) This print-out should have 20 questions. Multiple-choice questions may continue on the next column or page find all choices before answering. 001 10.0 points Using the smallest possible integer coeffici
University of Texas - CH - 204
whang (cw27622) Post-lab 9 Aspirin lyon (51295) This print-out should have 20 questions. Multiple-choice questions may continue on the next column or page find all choices before answering. This assignment has numerical questions that require answers to b
University of Texas - CH - 204
whang (cw27622) Post-lab 10 Ksp lyon (51295) This print-out should have 10 questions. Multiple-choice questions may continue on the next column or page find all choices before answering. This assignment must be completed even if you do not complete the ex
Texas Pan American - MGMT - 3335
Jurisprudence &amp; the Study of Law Jurisprudence: Derived from &quot;Juris prudentes&quot;, a phrase that can be translated as &quot;wise in the law&quot;. Jurisprudence encompasses general forms of intellectual inquiry about the law. The term is applied to different types of
Texas Pan American - MGMT - 3335
Ruby Lopez Human Resource Management Lei Wang M/W (5:45pm-7:00pm) Experiential Exercise Nursing Shortage 1. Based on the information available on the hospital's website, create a hard-copy ad for the hospital to place in the Sunday edition of the New York
Texas Pan American - MGMT - 3335
Principles of Marketing Group 11 Pg. 99 Case Study 1. Describe the technological, social, and political forces acting on the video game industry. Technological forces include applied and basic research. With the power of the microchip doubling almost ever
Texas Pan American - MGMT - 3335
Assume the price of gas is \$4 for a gallon, so the slope of gas would be cost divided by usage: \$4/1gallon=4. So elasticity would be calculated: ez= (1/slope) x (P/Q) = (1/4) x 4/1) = (1/4) x 4 = 1. Now if the price is \$4 for a quart instead of a gallon,
Texas Pan American - MGMT - 3335
Elasticity of demand is affected by the availability of its substitutes and the proportion of income spent. When a good has substitutes available it is considered to be elastic. When there aren't substitutes available it is inelastic. An elastic demand is
Texas Pan American - MGMT - 3335
CHAPTER 5 ASSIGNMENT An example of elasticity would be chicken, if the pound of chicken is 4 dollars, then where the graph would be X= amount of pounds purchased and Y= cost, using the equation rise over run would be ex (1 / 4)*4/1 = 4. Factors that affec
Texas Pan American - MGMT - 3335
A good example to use elasticity when slope doesn't succeed is let's say it cost a dollar for one quart of milk so the rise over run in slope terms will be 1/1, now let's say for a gallon of milk it would cost you 4 dollars which would make the ride over
Texas Pan American - ECON - 2331
Final ExaminationRuby Lopez Started: August 17, 2011 6:36 PM Questions: 651. Question 002(Points: 1.6)The study of economics is best described as a study ofa. b. c. d. e.a. the factors that influence the stock and bond markets. b. capitalism. c. the
Texas Pan American - ECON - 2331
Title: Started: Submitted: Time spent: Total score:1.Quiz 11 August 14, 2011 8:54 PM August 14, 2011 9:44 PM 00:49:31 70/90 = 77.7778% Total score adjusted by 0.0Question 001Maximum possible score: 90For a firm in monopolistic competition, innovation
Texas Pan American - ECON - 2331
In this assignment, I want everyone to compare and contrast monopolistic competition market structure with perfect competition and oligopoly. For example, what assumptions are similar and what are different. What happens to economic profits of a firm oper
Texas Pan American - ECON - 2331
View Attempt 1 of 1Title: Started: Submitted: Time spent: Total score:1.Quiz 10 August 10, 2011 11:21 PM August 11, 2011 12:08 AM 00:47:15 55/100 = 55% Total score adjusted by 0.0Question 016Maximum possible score: 100A market is classified as an ol
Texas Pan American - ECON - 2331
Why does MR decline as the firm produces more and more output? The marginal rate declines because the firm is a &quot;perfect competition&quot;. The firm is forced to sell at a certain price due to competition or in order for consumers to buy their product. Similar
Texas Pan American - ECON - 2331
What is the difference between normal profit and positive economic profit? A normal profit is part of a firm's opportunity cost because it is the cost of not running another firm. An economic profit is a firm's total revenue minus total cost. Please brief
Texas Pan American - ECON - 2331
View Attempt 1 of 1Title: Quiz 9 Started: August 8, 2011 11:22 AM Submitted: August 8, 2011 11:53 AM Time spent: 00:31:32 Total score: 80/100 = 80% Total score adjusted by 0.01. Question 001Maximum possible score: 100The cost of all the factors of pro
Texas Pan American - ECON - 2331
Title: Started: Submitted: Time spent: Total score: 1.Quiz 8 August 3, 2011 9:44 PM August 3, 2011 10:29 PM 00:44:59 85/100 = 85% Total score adjusted by 0.0 Maximum possible score: 100 Question 001 Billy has a \$20 budget to spend on yogurt and cereal. Y
Texas Pan American - BIO - 1408
Title: Started: Submitted: Time spent: Total score: 1.Exam 2 May 2, 2011 8:44 PM May 2, 2011 8:54 PM 00:09:50 98/100 = 98% Total score adjusted by 0.0 Maximum possible score: 100Learning Objective: Use the geologic timescale figure to trace macroevoluti
Texas Pan American - BIO - 1408
Title: Started: Submitted: Time spent: Total score: 1.Exam 1_ April 13, 2011 12:35 AM April 13, 2011 12:39 AM 00:04:03 92/100 = 92% Total score adjusted by 0.0 Maximum possible score: 100Which of these components of blood fights infection?Student Respo
Aachen University of Applied Sciences - AFWE - 12erfq
ASE320 Homework set # 7 Due: April 24, 2012 1.) For a turbulent boundary layer velocity profile given by u/U =(y/)1/9, where U is the freestream velocity and is the boundary layer thickness, calcu
Aachen University of Applied Sciences - 12D - asdf
ASE 311 NotesChapter 4: Round-off and Truncation ErrorsSources of Error 1. Human Error 2. Model Error: you cannot consider everything that can happen 3. Data Uncertainty: noise, repeatability (possible to set up experiment exactly the sameeverytime?
Aachen University of Applied Sciences - 12D - asdf
Example for n = 5j=2j=1j=3j=4k = 1 f (x1 ) f (x2 )f (x1 )x2 x1= f [x2 , x1 ] f [x3 ,x2 ]f [x2 ,x1 ]x3 x1= f [x3 , x2 , x1 ] f [x4 ,x3 ,x2 ]f [x3 ,x2 ,x1 ]x4 x1= f [x4 , x3 , x2 , x1 ]k = 2 f (x2 ) f (x3 )f (x2 )x3 x2= f [x3 , x2 ] f [x4