Break even analysis determines <span>what sales volume must be reached before the company's total revenue equals total costs and no profits are earned. It is the calculation of the point at which total revenue equals total cost. Break even analysis is helpful in letting businessmen know when their business will turn a profit so the prices of their goods or the amount of goods sold can be adjusted accordingly.</span>
Answer: Financial Forecast
Explanation:
Forecast is a prediction of events that would happen in the future based on evidence of what's seen now or an assumption on projections.
While financial forecast is predicting how well a business will perform in the future through estimating future financial outcomes.
I would advise Mustafa to seek experts ideas on financial forecast for a new business and that would help him project his expectations
Answer
The answer and procedures of the exercise are attached in the following archives.
Explanation
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
