Jefferson owns a new music label. They sign artists and help them record and distribute their music. It cost them $400 for marketing, music production and engineering for every 200 CDs they make. They sell CDs for $5 each to the artist (for them to sell at their gigs). Each year they have $5,000 of recurring expenses. In this scenario, match the appropriate variable in the break-even equation on the left to the correct value on the right. (note: you may need to do some math to arrive at the correct #) Price Fixed cost variable cost. .
Master Budget
A master budget can be defined as an estimation of the revenue earned or expenses incurred over a specified period of time in the future and it is generally prepared on a periodic basis which can be either monthly, quarterly, half-yearly, or annually. It helps a business, an organization, or even an individual to manage the money effectively. A budget also helps in monitoring the performance of the people in the organization and helps in better decision-making.
Sales Budget and Selling
A budget is a financial plan designed by an undertaking for a definite period in future which acts as a major contributor towards enhancing the financial success of the business undertaking. The budget generally takes into account both current and future income and expenses.
Jefferson owns a new music label. They sign artists and help them record and distribute their music. It cost them $400 for marketing, music production and engineering for every 200 CDs they make. They sell CDs for $5 each to the artist (for them to sell at their gigs). Each year they have $5,000 of recurring expenses.
In this scenario, match the appropriate variable in the break-even equation on the left to the correct value on the right. (note: you may need to do some math to arrive at the correct #)
Price
Fixed cost
variable cost. ..
.
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