Explain the concept of break even point
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Explain the concept of break even point
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Answer:
Point out the figures of speech used in the following ( There may be two figures of speech in some of them):- There were a least a thousand pair of eyes fixed at that sight
In business accounting, the break-even point refers to the amount of revenue necessary to cover the total fixed and variable expenses incurred by a company within a specified time period. This revenue could be stated in monetary terms, as the number of units sold or as hours of services provided.