Question
Paper 1:- Break-even analysis for Step Up for Students (Nonprofit organisation), The concepts in this course are not only valuable for corporations, other business forms,
Paper 1:- Break-even analysis for Step Up for Students (Nonprofit organisation),
The concepts in this course are not only valuable for corporations, other business forms, non-profit organizations, and personal finance, but also for entrepreneurs. Conducting a break-even analysis is a great way for entrepreneurs to evaluate the feasibility of selling their product or service.
A break-even analysis is used to determine the break-even quantity of a firms output by examining the relationships among the firms cost structure, volume of output, and profit. The break-even quantity may be calculated in units or sales dollars. The break-even point indicates the point of sales or units at which earnings before interest and taxes (EBIT) is equal to zero.
In this paper you will propose selling 2 new products or services as an entrepreneur and conduct a breakeven analysis for each idea.
Tip: If you are stuck on ideas, try watching some episodes of Shark Tank.
Include in your paper the following sections:
1. Brief introduction to the paper
2. The break-even analysis for 2 new products/services in either units or sales dollars (pick either units or sales dollars for both for better comparison)
3. Discussion of analysis results: what do the results of your calculations mean, what should you do, and what might the proposals more appealing financially?
4. Brief conclusion
5. Reference page
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started