Table of Contents
Introduction to Accounting I An Interactive Case Approach
Assignment Due Today
Today’s In-Class Activities
PPT Slide
MAJOR CONCEPTS:
Case #2-1 PLANNING TO START A BUSINESS
Case #2-1 (continued) PLANNING TO START A BUSINESS
REVENUE PLANNING
EXPENSE PLANNING
Variable expenses
VARIABLE EXPENSE
Contribution Margin ( x = # units sold)
PPT Slide
Contribution Margin Ratio (CMR)
PPT Slide
Contribution Margin Ratio (CMR)
Fixed expenses
FIXED EXPENSE
Contribution Income Statement ( x = # units sold)
Contribution Income Statement ( assume 1,000 books sold)
Mixed expense
MIXED EXPENSE
ESTIMATING MIXED EXPENSE (High-Low Method)
High Low Method Example
Pick the high and low points
PPT Slide
PPT Slide
PPT Slide
Assignment for Next Time
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