Business Finance Homework Help

Everyone: What does the slope of the orange line in the Excel worksheet mean? What happens to the slope if labor cost goes up? What happens to the break-even point?

Everyone: In one of the Excel tutorial videos, the break-even point is found using Goal-Seek function in the Analysis ToolPak. What are the pros and cons using Goal-Seek vs. formulas to find the break-even point?

1. Give two examples of semi-fixed costs in your everyday life.

2. Give two examples of semi-variable costs in your everyday life.