How to Calculate Marginal Cost: A Step-by-Step Guide
The concept of marginal cost can be difficult for business owners to understand. However, understanding how to calculate marginal cost is essential to good forecasting and business management. With that in mind, we’ve created a step-by-step guide detailing everything from the importance of marginal costs and formula examples. We’ll examine critical concepts involving the use of marginal cost. Highlights include the relation between variable and fixed costs, the related concept of marginal revenue, and how these are used to determine the optimal point at which a business can make the most profit. In addition, we’ll show you a formula that demonstrates how to find the marginal cost of goods.
An In-Depth Scenario Analysis ExampleScenario analysis is an indispensable tool for making financial predictions and decisions. But what exactly does it look like? Let’s see how one business might use scenario analysis in the real world.
How to Calculate Retained EarningsCompanies need to know what their retained earnings are so they can plan for future investment, place money in rainy day funds, and the like. With that in mind, we’ll explain the concept of retained earnings and how they work on standard financial reporting. “What is retained earnings?” is a question that anyone who runs a company should know how to answer. However, it’s easier said than done! With that in mind, we’ll also demonstrate how to calculate retained earnings.
How Telecom Financial Modeling Software Helps Companies Stay CompetitiveWhat is financial modeling? How is it used? Here, we’ll explore how financial modeling can address the unique challenges faced by the telecom industry.