Businesses usually need to know the minimum number of products or services they need to sell in order to earn a profit. A break-even analysis does this and more.
Course curriculum
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1
Course Information & Support
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Huricane Milton Has Canceled The Rest of Chapter 5.5. Enroll Now & Start Chapter 5.6!
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Please Check Now That Your Phone Is In Your Bag. Please Stay For 40 Minutes Of Learning & Sign Out For The Bathrrom During The Last 5 Minutes of Class.
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Fact Sheet Packet Of Class Policies- Please Scroll Through And Review Again
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How Well Are You Demonstrating The IB Learner Characteristics? Which Is Your Super Power & Which Presents The Greatest Challenge?
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Welcome IB Business Management Student
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Chapter Work Cycle = This Is What We Are Doing In Class & For Homework Every Day
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Finished Early? Don't Pack Up! Do This ...
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Please Don't Disrupt Our 40 Minute Work Cycle. Leave For The Bathroom During The LAST 5 MINUTES Of Class.
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Your Quarter Grade
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2
Your Notebook Is Your Most Important Weekly Grade & Prepares You For The May Exams
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New Textbook 5.5 Chapter = 5 Headings
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If You Finish Early With The Outline, Create A Spider Map And/Or Start The RB
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Read The Rules For Your Notebook Before Every Grading Day. This Paper Must Be Stapled Onto The Inside Cover Of Each Composition Notebook
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Video: Watch A Spider Map Being Created (Best Study Tool)
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How To Draw A Spider Map
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LOOK: Page-By-Page Visual Instructions For Earning a 100% On Every Notebook Chapter. (NEW For 2024)
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Video: Take A Tour Of A Business Management Composition Notebook
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This Is How Your Notebook Pages Will Be Graded
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Notebook Checklist & Reflection Sheet- Print, Complete, And Staple Onto The Last Page Of Your Chapter Notes BEFORE Scoring Day. It's Best To Pick Up This Blue Color Checklist In Class After We Finish The Chapter Review.
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3
"RESOURCE BANK" = Topic Lessons (46) Begin Below this Point:
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What is the Resource Bank?
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RB = 10 Sections & 46 Posts (= 3 RB Days + HW)
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Break-Even Is Easy, Makes Sense & Is Useful
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What You Should be Able to Do By the End of this Chapter
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4
Contribution Per Unit & Total Contribution
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Video: Quick Overview Of How A Break-even Analysis Works (Notice The Required Data)
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Key Terms: Unit Contribution vs. Total Contribution
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Video: Key Term "Margin Contribution" = Unit Contribution
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Video: Contribution Margins (i.e. Unit Contribution) Expressed As Percentages
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Video: Planet Pizza Example Using Contribution Margin/Unit Contribution
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Video: What Does Contribution Mean In A Break-even Analysis?
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Video: How Are Both Types Of Contribution Calculated?
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Video: How To Calculate Total Contribution (Quicker Than Unit Contribution In Determining Profit)
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Video: Mr. B's Review of Contribution (start watching at 3:16)
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5
What Is A Break-even Analysis?
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Video: Introduction To The Purpose and Components Of a Break-even Analysis
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What Is The Purpose Of A Break-Even Analysis?
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Clarification: Contribution vs. Break-even
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Key Terms
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Handout: How To Start A Break Even Analysis
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Advantages and Disadvantages Of A Break-even Analysis (You Must Say All Of This On Your IB May Exams)
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Do You Know What "Liquidity" Means?
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6
Method #1: How To Do A Break-even Analysis By Calculating Unit Contribution
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Here Is The Unit Contribution Formula
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Video: Farmer Joe Wants To Know How Many Apples He Needs To Sell
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Video: How To Find The Break-even Point In Sales & Units
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Break-even In A Restaurant
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Visual: Break-even Formula
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Method #2 : How To Do A Break-even Analysis By Calculating Total Revenue
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Here Is The Total Revenue Formula
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Video: Watch How A Break-even Analysis Is Done On a Chart Using Total Revenue and Total Costs (Q= quantity of units/products)
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How To Show A Break-even Analysis With A Graph (Used In IA & May Exams)
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Video: IB BM Key Term "Simple Linear Regression" = Refers To The Type Of Graph You Use In A Break-Even Chart
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Video: How To Diagram A Break-even Chart
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Video: How To Create A Break-even Chart
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How To Explain Your Break-even Chart
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Video: How To Change The Numbers in A Break-even Chart
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9
Margin Of Safety
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Video: Break-even & Margin of Safety
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Video: The Margin of Safety
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Video: How To Show The Margin Of Safety On A Break-even Chart
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Target Profit, Target Price, Target Units Sold
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Here Is The Formula To Determine How Many Products Must Be Sold To Reach a Desired Profit Amount
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Target Profit: A Worked Out Example
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Video: Simple Worked Example of Target Profit For A Sub Shop
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Video: Watch This Man Figure Out How To Do A Target Profit Calculation
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Video: A Worked Out Example Of How To Use A Target Profit To Determine Quantity Of Units That Must Be Sold To Earn That Desired Profit (Starts at 18:50)
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Target Price Calculation
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Key Term: Absorption Costing (Advanced HL Topic)
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Key Term: Absorption Costing
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How Does Absorption Costing Relate To A Break-even Analysis?
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Benefits & Limitations Of A Break-even Analysis (You Must Say This In Your IA, EE & On The IB Exam)
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Video: Benefits & Limitations of a Break-even Analysis
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Handout: What Are The Strengths and Limitations of a Break-even Analysis?
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Image: Disadvantages & Advantages of the Break-even Analysis
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Image: Advantages, Disadvantages & Evaluation of Break-even Analysis
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13
Break-even Analysis & The CCES Concepts (Creativity-Change-Ethics-Sustainability)
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Video: Special Order Decision Making
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Try An Activity With A Break-Even Calculator
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Read These CCES Definitions. If You Write Them On Your May Exams You Get Credit For Clear Evidence of "Synthesis & Evaluation"
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CCES Assignment: Write 4 CCES Impact Statements For This Chapter Following The Given Model
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14
Let's Do Some Case Studies
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Look At This Sample Of 1 Completed Case Study - Yours Must Follow The Same Format
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Visual Of Case Study Day 1 Process
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Instructions for Analyzing Case Studies
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What Are Command Terms & Why Are They Important?
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New Command Terms Definitions List (2024+) Exams = Rules for Answering Test Questions
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Old Command Terms List = Rules for Answering Test Questions
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Here Are Your Case Studies to Analyze
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Show Your Teacher Your Completed Case Studies Then ...
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Visual Of Case Study Day 2 Process (Read Your Presentation- Don't Show It- Give Command Term Definitions)
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Finished Early? Don't Pack Up! Do This ...
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15
Review Activities
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WATCH: 5.5 Chapter Review
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EXAM TIP!
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Video: Summary of Break-even Analysis & The Key Terms
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Video: Mr. B's 3.3 Review
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Video: Mr. B's Shows How To Do A Break-even Analysis Exam Question
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Instruction Sheet for Review Assignment
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What Should You Do If You Get Stuck On A Question? Don't Skip It! Do This...
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New 5.5 Review Worksheets With 4 Tasks 1-25 M/C (Title The Top Of A New Page. Then Label The Tasks And Write The Answers In Your Composition Notebook)
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Put Away Your Pen & Pencil On Review Day- Only Have A Color Pen On Your Desk
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Test Yourself With An IB Exam-Style Question (exam questions in BM are always multi-step, multi-answer exercises)
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Key for the IB-Exam-Style Question (do not open until all your calculations in the table are completed)
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5.5 Quizlet
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Have You Achieved the Key Learning Outcomes?
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You Are Almost Finished!
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Don't Forget The Last Piece!
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Finished Early? Don't Pack Up! Do This ...
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Memorize & Review The 5.5 Break-even Formulas For The IB Exams
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IB DP BM May Exam Prep (Wait Until April To Do This Work)
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Exam Practice: Break-Even
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Exam Practice: Total Contribution & Break-Even
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Exam Practice: Margin Of Safety & Contribution Per Unit & Break-Even
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5.5 Quiz Scheduled
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Come Here On Quiz Day If You Are In The Classroom - Makeups Are On The Day You Return
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Visual: Quiz Day Schedule Of Activities
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