Getting the ?Right? Numbers
Qualitative vs. Quantitative Decision-Making
Standards
Effective and Efficient Decisions
Constraints
Review of the Financial Statements
The Balance Sheet and Income Statement
Statement of Cash Flow
What the Financial Statements Do Not Tell You
Making Money
Maximizing Profit or Minimizing Cost
Thinking in Units
Defining Cost
Identifying Costs and Their Behaviors
Fixed, Variable, and Mixed Costs
Relevant Range
Cost Per Unit
Cost Categories on the Income Statement
Discerning Variable Costs
Discerning Mixed Costs
Controlling Costs
Contribution Margin on the Income Statement
Activity-Based Costing
Non-Value-Added Activity
| Am I Breaking Even?
The Cost-Volume-Profit Graph
The Contribution Margin Approach to Break-Even
Calculating ?What If? Profit
Margin of Safety
Operating Leverage
Defining Operating Leverage
Operating Leverage and the Bottom Line
Influences on Pricing
Pricing in Line with the Competition
Trade-Offs Between Price and Demand
Elasticity of Demand Illustrated
Market and Cost Influences on Pricing
Qualitative Factors in Relation to Price
Making the Numbers Work for You
Responsible Decision-Making
Quality Management
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