List out the significance of a break-even chart ?
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List out the significance of a break-even chart ?
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Answer:
A break-even analysis is a financial calculation that weighs the costs of a new business, service or product against the unit sell price to determine the point at which you will break even. In other words, it reveals the point at which you will have sold enough units to cover all of your costs.
Answer: The Break-Even Chart is a graphical representation between cost, volume, and profits. No doubt, it is an important tool that helps to make profit planning. It has been defined as “a chart which shows the profitability or otherwise of an undertaking at various levels of activity and as a result indicates the point at which neither profit nor loss is made.”
Explanation: