it's such a shame when my professor doesn't know how to teach students. He's smart and graduated from University of Texas. But his teaching ability is worse than 15 years old kid! (seriously!) That's why students like me have to find someone who is capable of teaching the material and luckily I found you. :)
I've owned several small businesses (like franchises, etc.) but now I'm finding out that online biz is best; in terms of risk to reward, i.e. super low investment required; just great ideas and your BRAIN ;)
People fail, when this simple illustration made much much complex and given as a topic in the text book. Each and Everything can be/ should be explained as simple as the style adopted in this Video. This will not just help to pass the course, but also will be with us forever, helping throughout the life and also will give room for innovations. Thanks for the presentation. Keep up the good job.
OMG!!! this video has proven to be the bomb for me.... I studies and studied the chapter and this video clicked in 5 minutes.... MBAbullshyt... is the SHYT!!!!
WOOW you have no idea how much this helped me for my exam tomorrow ! i swear my proff makes it sound so hard ! no i feel stupid coz the way you explain it made it even easier than drinking water lol thanks a lot ,, cheers
Thank you so much for this my man!!! My accounting teacher is the most stereotypical accountant. He is the worst teacher and cannot put these concepts in layman's terms. What I thought was impossible, is now simple! Yay to finals week!!!
Very good!!! Question, how do you account for fixed cost if is for one period? using your example how would the problem work if you had a 5000k fixed cost for the purchase of a watch machine? Do you spread the fixed cost evenly over the periods?
I wonder, if I am to open a business selling many many products (instead of one) how would the formula go, so I know how much should I sell to break even/?
sara lane depends... you may include rent as an 'opportunity' cost... like maybe you're using your father's store space and he might normally charge someone else $20 a month for that space... but he won't charge you coz he's your daughter. Some accountants would still add in the $20 as a cost coz it's costing you (or your Dad) $20 in missed rent. Or even if he wouldn't have rented it out to someone else, you might still include the $20/month as "imputed" cost coz that's how much you normally would've paid.
Selling price per unit(x) -fixed cost=cost per unit(x) This is an another method when you figure out the x you will get the break even point with unit Using the answer of x times the selling price per unit you will get the break even points with volume
The "type" of business doesn't matter (whether social media platform, coffee shop, or whatever)... what matters is the numbers which come in (earnings and revenue) and the numbers which go out (expenses, etc.)
6:31 ... ( But obviously, you CaHaha not sell point 29 watches ) 6:41 .... ( therefore you must run of to the Highhheerrrr number.. ) Man you use all your damn energy to make us understand lol, i love your explanation
I got an assignment incorrect because the instructor uses the standard math rule of rounding down if the decimal is lower than .5 I'm trying to find something to prove that it should be rounded up
@@tristlamb I would ask your instructor "Sir/Madam, are we using math for the purpose of (A) solving how many watches need to be sold to break even, or are we (B) calculating a mathematical problem for the purpose of finding a number which fits mathematical tradition?" Coz in this case, the two choices are mutually exclusive. If he/she says it should be letter B, "then in that case why even bother with the story about the items (watches in my example), why not just use straight math problem with given numbers?"
The sound quality is pretty bad, but your explanation helped me a bit better than my accounting professor and my textbook so thanks!
it's such a shame when my professor doesn't know how to teach students.
He's smart and graduated from University of Texas. But his teaching ability is worse than 15 years old kid! (seriously!) That's why students like me have to find someone who is capable of teaching the material and luckily I found you. :)
Thank you, I'm doing my final project for a business class and never had this figured out. Following the video helped me get it, great job.
I've owned several small businesses (like franchises, etc.) but now I'm finding out that online biz is best; in terms of risk to reward, i.e. super low investment required; just great ideas and your BRAIN ;)
People fail, when this simple illustration made much much complex and given as a topic in the text book.
Each and Everything can be/ should be explained as simple as the style adopted in this Video. This will not just help to pass the course, but also will be with us forever, helping throughout the life and also will give room for innovations.
Thanks for the presentation. Keep up the good job.
OMG!!! this video has proven to be the bomb for me.... I studies and studied the chapter and this video clicked in 5 minutes.... MBAbullshyt... is the SHYT!!!!
wow! you made so simpler and easy for me a non accounting manager to understand
Rose Nangeni Glad to have been of help to a non accounting manager like you!
WOOWW! Good luck in your exam Agent 007!!
@Jeanne you're very welcome and glad it helps non-accountants like you (and like me!)
Ton of thanks for watching!
Thanks so much! This is helping me on my senior business project!
Daniela Vega good luck in your senior business project!
WOOW you have no idea how much this helped me for my exam tomorrow ! i swear my proff makes it sound so hard ! no i feel stupid coz the way you explain it made it even easier than drinking water lol thanks a lot ,, cheers
Thank you so much. A very good lecture for non-accountants like me. Clear and easy understand. :)
Do we need to minus Selling and administration expenses from Sell price ?
thought u were trolling dude but man do i understand everything and u explain better than my teacher thx dude.
Glad to have been a little bit of a troll!
Congrats Sabba! Good for you!
Another great video! All of your videos have saved me countless hours of reading & confusion. Thank you!
@Ellara glad to know you finally get it!
Thank you so much for this my man!!! My accounting teacher is the most stereotypical accountant. He is the worst teacher and cannot put these concepts in layman's terms. What I thought was impossible, is now simple! Yay to finals week!!!
Grant Lowder You're welcome for this man!!!
Thumbs up on this. I thought I would lose 15 minutes of my life learning this equation instead you taught it 7. Good work.
Thumbs up to you too!
glad you understand it Luke!
i cant believe i got 42/100 , i will do better in my exam tomorrow ty man
Thanks for makin me feel awesome too dude!
Amazing! Text book/lecturers could not put this simple concept into simple terms if they tried. Thank you so much! I feel confident on BEP :)
Erin Powell I'm glad for your confidence!
@wasantha78 Thanks too wasantha! Remember to click the Like button and share with friends. Cheers!
Safe mate im doing alevels and this helps more than what my teachers teach
Subbed... keep up the good work man!
You are helping us out here!
Thank you for this tutorial, it's really hard for me to understand math thing but this literally helps me a lot 😊🖤
I'm so glad!
@ikbenlila2 Thanks! Where's Wittenborg?
The cost of all items sold by Guzmart office suppy during the month of june is 95,000.00. The overhead is 50,000.00. What is the breakeven point?
Hope it shattered the vagueness!
Thanks a lot, you made it so simple to understand
Narasimha Rao You're welcome, happy you find it simple
is it the total variable cost we are using or variable cost of raw material per unit?
@Manar happy to be of help!
Very good!!!
Question, how do you account for fixed cost if is for one period?
using your example how would the problem work if you had a 5000k fixed cost for the purchase of a watch machine? Do you spread the fixed cost evenly over the periods?
Man, I have a Finance exam tomorrow, Thanks for being my teacher here, wish me luck :)
navdeep singh hope it helped in your exam!
Informative! Enjoyed watching the video :)
glad you find it informative!
Thanks.. I understood before the video was over... Even with bad sound quality..😂😂
wow good luck in your final project
Great video the texts books are so confusing compared to this.
Keep it up
Best BEP tutorial i've ever listened n watch.. makes me forget the sound is aahhh!!
Glad you find it the best!
I wonder, if I am to open a business selling many many products (instead of one) how would the formula go, so I know how much should I sell to break even/?
You are number one teacher, really thank you , thank you, thank you :)
Safiqa Hasansoy a number one thanks to you!
:)
Thanks ..totally got it. swearing was a bit on the ears though
How would you do NPV (or Economic) Break-Even
Great, good luck with your lesson!
If I open a shop and I sell different kinds of products then how to find out
LOL, honored to be your T.A. :)
So, I can say the $10 is my gross revenue or gross sales value. Will that be correct?
hey bro just wanted to ask is gross margin per unit and contribution per unit not the same thing?. p.s. love your vids keep up the good work
Welcome, Fernando!
what if the facility that the watches are being made in is free. Will there still be "rent?"
sara lane depends... you may include rent as an 'opportunity' cost... like maybe you're using your father's store space and he might normally charge someone else $20 a month for that space... but he won't charge you coz he's your daughter. Some accountants would still add in the $20 as a cost coz it's costing you (or your Dad) $20 in missed rent. Or even if he wouldn't have rented it out to someone else, you might still include the $20/month as "imputed" cost coz that's how much you normally would've paid.
Super! Clear as crystal!!! :)
You are the best man.....Good explanation and now i have an idea
Glad to have given you an idea!
Perfect, it FINALLY makes sense. Thank you !
How about they play these videos in class instead of confusing TEACHING in classssss!!!
Awesome !
Thank you MBABullshit!!! (awesome name too! haha)
Where did you get the (-16) loss per month? You stated fixed cost was $100 (which would be $100/12=$8.33 for the month, wouldn't it?) :o/
Welcome to the future of education
great video...thanks man
you're welcome man Kamel Lane
thank you. vey helpful. put some more examples.
best video I've seen on the subject. Good work.
I practice a lot and watch your video to revise while I'm trying to sleep lol.
now i understand it! ty man
So can i then say my Break even Revenue is : BEP(Units) x Sales Price ?
lol you allow me to sleep at home and miss lectures and I know more thn my friends ......
Nice explanation sir
Great to hear that sir
TON of Thanx!.. good job keep it up!!!!
Thank you very much, i found this very simplest way to understand, i got it..
Glad that you find it the simplest
Thannk you .it helps in bank exam life seat.
Such a big help! CHEERS!
@Divijization Great to hear that!
glad you found it!
i stopped going 2 cllg...and strtd learning in youtube ;)
thanks, your video help me a lot
glad it helped!
why multiply by 12?
Selling price per unit(x) -fixed cost=cost per unit(x)
This is an another method when you figure out the x you will get the break even point with unit
Using the answer of x times the selling price per unit you will get the break even points with volume
in other words, the spread between sales and variable must equal fixed cost. 100=7x. thanks
Thanks!
@Be glad for you and your luck!
this is amazing and so simple thank you very much !!!!!!
Thank you so much
Welcome!
@ritwik thanks!
really good explanation.
jucer blin thanks!
Thank you man!
Welcome, man!
It was super lecture,I really appreciate it.Thanks for it.
Thank you , is a wonderful explanation :)
Thank you so much! You saved my grade:D
I love it too ^^
awesome explanation. i love u
glad you find it awesome
thanks man ur video is saving me
Sanjida Farhana glad to hear that, let all of them save you more!
How to calculate break even Analysis in social media platform??
The "type" of business doesn't matter (whether social media platform, coffee shop, or whatever)... what matters is the numbers which come in (earnings and revenue) and the numbers which go out (expenses, etc.)
Awesome explanation. I love it it and i love your website url name...
Akin Akinsanya a lot of people also hate the name, so I guess that's a good thing ;)
thumps up sir👍👍
Two thumbs of for you too!
He is awesome!!! Thank you so much!!!
@Aerith glad I saved your grade!
Umm forget office hours, this is officially my T.A. Thanks
@james page good luck in your exam tomorrow!
very helpful.. thank you..
Thank you so much!!!!!
You're welcome so much!!!!
Thanks so much Sir.
You're welcome so much Sir
thanks! helped me with my lesson! :D
6:31 ... ( But obviously, you CaHaha not sell point 29 watches )
6:41 .... ( therefore you must run of to the Highhheerrrr number.. )
Man you use all your damn energy to make us understand lol, i love your explanation
I got an assignment incorrect because the instructor uses the standard math rule of rounding down if the decimal is lower than .5
I'm trying to find something to prove that it should be rounded up
@@tristlamb I would ask your instructor "Sir/Madam, are we using math for the purpose of (A) solving how many watches need to be sold to break even, or are we (B) calculating a mathematical problem for the purpose of finding a number which fits mathematical tradition?" Coz in this case, the two choices are mutually exclusive. If he/she says it should be letter B, "then in that case why even bother with the story about the items (watches in my example), why not just use straight math problem with given numbers?"