ESB certification Terms. 100% Coverage & mastery, rated A
2 views 0 purchase
Course
ESB
Institution
ESB
ESB certification Terms. 100% Coverage & mastery, rated A
Break Even Formula - To calculate the break-even point in units use the formula: Break-Even point (units) = Fixed Costs ÷ (Sales price per unit - Variable costs per unit) or in sales dollars using the formula: Break-Even point (sales...
rated a break even formula to calculate the break even point in units use the formula break even point units fixed costs ÷ sales price
Written for
ESB
All documents for this subject (1066)
Seller
Follow
QuickPass
Reviews received
Content preview
ESB certification Terms. 100% Coverage
& mastery, rated A
Break Even Formula - ✔✔To calculate the break-even point in units use the formula: Break-Even point
(units) = Fixed Costs ÷ (Sales price per unit - Variable costs per unit) or in sales dollars using the formula:
Break-Even point (sales dollars) = Fixed Costs ÷ Contribution Margin.
Driving Sales - ✔✔the largest automotive marketing resource and car dealer social network, providing
industry best practices and more
Inventory Loan - ✔✔The loan is collateralized by the inventory it is used to purchase.
Operating Loan - ✔✔(also called a line of credit) is a short-term, flexible loan that a business can use as
needed to borrow up to a pre-set amount of money.To ensure it will be repaid, the bank will often
include a claim on the company's inventory and accounts receivable as part of the loan agreement.
Tenacious - ✔✔tending to keep a firm hold of something; clinging or adhering closely
Competency - ✔✔a set of particular abilities and knowledge that sets a company apart from its
competitors.
Non-Profit Organization - ✔✔organization is a group organized for purposes other than generating
profit and in which no part of the organization's income is distributed to its members, directors, or
officers.
Storefront - ✔✔Store exterior which reflects on the image of the business
Tax Liability - ✔✔the total amount of tax debt owed by an individual, corporation, or other entity to a
taxing authority like the Internal Revenue Service (IRS).
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller QuickPass. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $5.49. You're not tied to anything after your purchase.
