Week 4 Assignment
Read Chapter 4 of your Cornerstones of monogerial Accounting 6th ed. and write a 700-word essay that covers the following to:
- Explain the concept of break-even point. Why is it important? (provide example).
- Explain the concept of contribution margin. Why is it important? (provide example).
- What is the formula to explain sales dollars to earn a target income? (Provide example)
- What are the methods that deal with uncertain arid risk?
