What is revenue? Total income from goods or services Recall the formula for revenue Total Revenue = selling price x number of units What are fixed costs? costs that do not change directly with level of output What are variable costs? costs that change directly with output Recall the formu...
-Usually, fixed costs are not affected by this decision, so management can focus on maximizing total contribution margin Required Income minimum required rate of return x average operating assets Average Operating Assets Formula (beginning assets + ending assets) / 2 ...
It's designed to help lenders determine how likely you are to pay back your loan. The number is calculated using a formula created by Fair Isaac Corporation, which is why it's also referred to as your FICO score. According to Fair Isaac, the median FICO credit score in the U.S. is ...