Business to know their break-even point

Assignment Help Business Management
Reference no: EM131740532

Go to the U.S. Small Business Administration website and search for "break-even point" at https://www.sba.gov/

Then answer the questions posed:

1. Why is it important for a business to know their break-even point? Cite an example and support your answer with your rationale.

2. How long should a business be prepared to survive financially if they do not make a profit? (Support your answer with references.)

3. What resources could Tim, the shop's owner in the simulation, use if he needs to gain access to more funds to operate his business in the near future?

Reference no: EM131740532

Questions Cloud

Account will result in a credit to what account : An adjusting entry to a prepaid expense account will result in a credit to what account?
Volatility of the prepaid forward price of the stock : The continuously compounded risk-free rate is 5% and the volatility of the prepaid forward price of the stock is 30%.
Explain with examples how the cost of capital is determined : Explain with examples how the cost of capital is determined. Explain why the costs and risks of external financing are important for the organization?
Social networking site or going online for information : 1. How much privacy should people expect when using a social networking site or going online for information, shopping or other task?
Business to know their break-even point : 1. Why is it important for a business to know their break-even point? Cite an example and support your answer with your rationale.
Analyze vendors in the marketplace and the hit products : This process is collaborative and has many dimensions that include looking at the technical, financial, and functional aspects of technology solutions.
What year produced the most pounds of fish : What year had the highest total revenue for Atlantic Cod? What was the amount of the revenue - What year produced the most pounds of fish? What was the amount
Discuss the strategies the company utilizes to get product : Discuss the strategies this company utilizes to get their product(s) distributed internationally and how they address risks and meet business demands.
Discuss about the harassment of oncale : SCALIA,J: In late October 1991, Joseph Oncale was working for respondent Sundowner Offshore Services on a Chevron U.S.A., Inc., oil platform in the Gulf.

Reviews

Write a Review

Business Management Questions & Answers

  Explain what is relationship marketing

What is relationship marketing and Discuss the merits of relationship marketing and What is internal branding and Discuss the importance of internal branding for service companies.

  Assigning the central pier and abutment as fixed piers

What are the advantages of assigning the central pier and the abutment as fixed piers?

  List significant environmental issues facing the community

List the three most significant environmental issues facing the community. How these environmental issues affect the health of individuals in the community.

  Media type prior to implementation

Rarely is a "one size fits all" solution possible. As media types evolve (think cables vs. fiber vs. wireless), companies must understand the capabilities.

  Maintaining network security

The answer gives discussion on the profits and drawbacks associated with a company providing antivirus software to its workers for home use free of charge.

  Evaluate the completeness of strategy for future growth

Suppose Honest Tea has hired you as a consultant to evaluate the completeness of their strategy for future growth.

  Role of a health information professional

What is the role of a health information professional or a coder when it comes to data governance?

  Half of the variation in personality

Research on genetic influences on personality suggests that more than half of the variation in personality is due to nurture-to life experiences. What life experiences could make someone more conscientious? More agreeable? More neurotic? More extr..

  Explain how are electronic communication devices

Based on your experiences, express both the advantages and disadvantages of these three devices over traditional communication methods, such as face-to-face conversations, written notes and phone calls.

  What strategies can ibm implement

What strategies can IBM implement in order to increase the switching costs of customers in group B or Group C?

  Literatire reviewbest practice modelreview all the relevant

literatire reviewbest practice modelreview all the relevant literature by consulting leading text books conference

  Analyze how these two areas could impact the company

Analyze how these two areas could impact the company. Perform an analysis or SWOT on potential impact of inventions or innovations.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd