Cost of revenue is important for businesses because it helps them determine their true gross profit margin. Companies should be interested in know how much residualrevenueis left over after all costs of making and selling a product have been incurred. This residual profit is used to pay overhead...
What is a contribution margin? A contribution margin is the difference between a product's sale price and its variable cost. Basically, it's the portion of the break-even equation that's divided by your fixed costs. You can calculate this value by using the contribution margin formula: Unit...
Opportunity cost is the comparison of one economic choice to the next best choice. Learn how the calculation can help you make decisions.
If you find it difficult to meet the $23,000 contribution limit in your 401(k), it could be hard to save an additional amount. You might need to first increase your income and then contribute more. You may also decide to look for ways to rework your budget and prioritize retireme...
If you know you're taking a big vacation next year, isn’t it better to set aside money now, rather than whip out the credit card when the time comes? Similarly, if you know you’ll need a new car in a year or two, that money belongs in a conservative vehicle that doesn’t have...
How to create your own financial independence plan to escape the rat race and live on a beach and/or watch daytime TV, to suit!
Tracking fish movements and sizes of fish is crucial to understanding their ecology and behaviour. Knowing where fish migrate, how they interact with their
Prepare a contribution margin income statement if Greenwich Inc, wants to make a profit of $50,000. It has the variable costs of $10 per unit and fixed costs of $20.000. How much must it charge per un Determine the break-even volume of work for a compan...
UGMA accounts can be opened through a bank orbrokerageinstitution. Friends and family can make contributions to the accounts, which carry no contribution orincomelimits. Contributions are made with after-tax dollars, which means donors don't receive an income tax deduction. Deposits are irrevocable....
mathetesThank you for sharing this! I guess the question I have boiled into one sentence is: Is there a function or formula that I can use to balance an expense sheet with repayments from 2 sources. I was not able to find an equation that did this in the shar...