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He coined the term break-even point, [2] and developing the break-even chart together with Charles Edward Knoeppel. [ 3 ] Rautenstrauch was instrumental in the creation of Columbia University's Department of Industrial Engineering, which is said to be the first such department in the United States.
The break-even point (BEP) in economics, business—and specifically cost accounting—is the point at which total cost and total revenue are equal, i.e. "even". In layman's terms, after all costs are paid for there is neither profit nor loss.
Break-even (or break even), often abbreviated as B/E in finance (sometimes called point of equilibrium), is the point of balance making neither a profit nor a loss. It involves a situation when a business makes just enough revenue to cover its total costs. [ 1 ]
One can decompose total costs as the sum of fixed costs and variable costs.Here output is measured along the horizontal axis. In the Cost-Volume-Profit Analysis model, total costs are linear in volume.
Module:Chart creates bar and pie charts on Wikipedia without need for external tools; Many spreadsheet, drawing, and desktop publishing programs allow you to create graphs and export them as images. gnuplot can produce a wide variety of charts and graphs; see samples with source code at Commons. In Python using matplotlib
Graphs, charts, and other pictures can contribute substantially to an article.Here are some hints on how to create a graph. The source code for each of the example images on this page can be accessed by clicking the image to go to the image description page.
Microsoft Graph (originally known as Microsoft Chart) is an OLE application deployed by Microsoft Office programs such as Excel and Access to create charts and graphs. The program is available as an OLE application object in Visual Basic. Microsoft Graph supports many different types of charts, but its output is dated.
A margin of safety (or safety margin) is the difference between the intrinsic value of a stock and its market price.. Another definition: In break-even analysis, from the discipline of accounting, margin of safety is how much output or sales level can fall before a business reaches its break-even point.