We get alot of finance and MBA students searching for homework help at our site. Whether the textbook is confusing or the case notes are incomplete or they just need some extra help, we have a bunch of resources to Continue reading
I can't figure out how you find the break-even quantity with a mixed cost. Here is the problem: LOST sponsors a 5-day camping trip. LOST provides a $3,000 grant and collects $350 per camper. The program expects 150 campers and Continue reading
Most of us (with the exception of majors and those who love to work with numbers) won’t take Finance unless we have to. We reluctantly wade through the classes hoping that the number junkies understand it all, and praying that Continue reading
Dear Professor Cram: ABC Corp has 500,000 of debt outstanding, and it pays an interest rate of 10% annually. Annual sales of 2 million with a tax rate of 30% and a net profit margin of 5%. What is the Continue reading
Dear Professor Cram: Can you explain to me the concept of ratio analysis and the limitations of ratio analysis? Thanks! Ken S., Hong Kong Thanks for your question, Ken. In Finance, ratio analysis is generally used to compare the performance Continue reading
Dear Professor Cram: A man deposits 1200 at the end of each year into a savings account that earn 6.75% interest compounded annually. After 4 years he made no more deposits. What would be the balance in the account 3 Continue reading
Dear Professor Cram: Can you explain how to solve for fixed costs, variable costs, and total costs? Renee, Bahamas Thanks for your question, Renee. Since I don't know how much you already know, let's start with some definitions. Fixed costs Continue reading
Dear Professor Cram: When annual sales, variable cost, contribution margin, fixed costs, and operating income are all known, how can the number of units be determined? Elias, Baker College Thanks for your question, Elias. The categories you mention are actually Continue reading
