E II 204 Break-even

The level of sales at which revenues equal total costs

• Break-even point

• Net worth

• Gross Sales

• Total Cost

Business costs that are not affected by changes in sales volume

• Fixed costs

• Variable Cost

• Cost of Sales

• Sell Price

Monetary reward a business owner receives for taking the risk involved in investing in a business

• Profit

• Sales

• Revenue

• Money

Money that comes in to a business from the sale of goods and services; also called income from sales

• Sales Revenue

• Profit

• Total cost

• Gross Profits

The amount a seller charges the purchaser for a good or service

• Selling Price

• Purchase Price

• Cost

• Profit

Business costs that vary to some extent in response to sales

• Semi-variable costs

• variable-cost margin

• variable costs

• total cost

All of a business’s costs, both fixed and variable

• Total Cost

• Fixed cost

• Variable cost

• Semi-variable costs

The amount of variable costs that apply to one unit; also called fixed-cost contribution

• Variable-cost margin

• Variable costs

• Semi-variable costs

• Fixed costs

Business costs that change according to changes in sales volume

• Variable costs

• Variable-cost margin

• Total costs

• Semi-variable costs