Favoryourl's Posts
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 Business › Re: Youwin Business Competition 2013 by favoryourl(m): 7:08am On Aug 20, 2014 |
aofete: Check the youwin site you will know that you are illegal and you should be arrested for being an agent |
| Business › Re: Youwin Business Competition 2013 by favoryourl(m): 7:02am On Aug 20, 2014 |
aofete: Check the youwin site you will know that you are illegal and you should be arrested for being an agenthere u are again you forgot that there are consultants in business plan writing. if u must knw this now, I have quite a handful of potential winners on this forum I am rubbing minds with without asking for a dime. I preety sure some of them can attest to this fact. so I did receive any money from anyone to write. |
| Business › Re: Youwin Business Competition 2013 by favoryourl(m): 10:49pm On Aug 19, 2014 |
aofete: I believe you are full of yourself, for you to use that language it shows. What is this forum about? I believe for people to express their opinion and opinion are open to criticism. If you made a statement and I feel that it is not correct I have all the rights in this world to say my views, for you to insult me is very low of you and I DEMAND AN APOLOGY FROM YOU WHICH MUST BE POSTED ON THIS FORUM.I can see u still have same problem, let me take it one at a time. u break even at the point when u have covered ur total cost. now your your total cost include your fixed and running cost what you don't knw is that ur total cost is the money u need to start ur business. ur views about BE are myopic because u only knw breakeven as when revenue is equal to total cost. NOTE; you can only break even when you have recovered the money you started the business with. anything short of this, you have not. added to it am beginning to believe you failed in youwin 1 and you are trying to meet up. pls don't confuse the forum members and let me tell u this for free 23 persons I wrote this youwin 3 are awaiting youwin panel. so you can see it was not a fluke. 1 Like |
| Business › Re: Youwin Business Competition 2013 by favoryourl(m): 10:23pm On Aug 18, 2014 |
aofete: Wrong, Breakeven is when total cost equals total revenueI understand that u have problem of language. pple like u always out to criticize without contributing. now use ur common sense total cost is the amount needed to cover both fixed cost and running cost abi then when your revenue equals what u needed that is the BE pls next time don't just comment be sure of what u want to say. always remember to be constructive in ur criticism |
| Business › Re: Youwin Business Competition 2013 by favoryourl(m): 3:54pm On Aug 18, 2014 |
bamistol: Thank God for people like you. God will continue to lift you in Jesus name.how do you need help in the financials, let me knw the particular area |
| Business › Re: Youwin Business Competition 2013 by favoryourl(m): 12:17am On Aug 18, 2014 |
TAJIBADE: My total fixed cost is 1,785,000total fixed cost is 1,785,000 amount needed- 10,450,000 total sales- 14,800,000 total cost- 12,290,547 contributions margin = 14,691,195-12,290,547 = 2,509,453 contr margin ratio. = 2,509,453÷14,691,195 = 0.1708134 Break even amount =1,785,000÷0.1708134 =10,450,000 keep me posted where u still have challenges remember that your break even point is that point when your revenue is equal to the money u needed to start your business |
| Business › Re: Youwin Business Competition 2013 by favoryourl(m): 12:15am On Aug 18, 2014 |
TAJIBADE: My total fixed cost is 1,785,000NB your fixed cost are the cost of your machinery and equipment. pls no depreciation. also known as your capital cost. then your variable cost are the cost of good produce and running cost (direct and indirect cost) |
| Business › Re: Youwin Business Competition 2013 by favoryourl(m): 12:02am On Aug 18, 2014 |
[quote author=TAJIBADE]My total fixed cost is 1,785,000 amount needed- 10,450,000 total sales- 14,800,000 total cost- 12,290,547 contributions margin = 14,691,195-12,290,547 = 2,509,453 contr margin ratio. = 2,509,453÷14,691,195 = 0.1708134 Break even amount = 1,785,000 ÷ 0.1708134 =10,450,000 keep me posted where u still have challenges remember that your break even point is that point when your revenue is equal to the money u needed to start your business |
| Business › Re: Youwin Business Competition 2013 by favoryourl(m): 5:06pm On Aug 17, 2014 |
bamistol: I like your gesture. It is my firm belief that we on this forum can all work together on our pathway to Millionaires' club. We can ALL win on this forum.bros by God's grace am already a millionaire just feel I shld help people climb the ladder of success. am part youwin 1 just keep me posted where u have challenges with ur interview questions |
| Business › Re: Youwin Business Competition 2013 by favoryourl(m): 5:04pm On Aug 17, 2014 |
bamistol: I like your gesture. It is my firm belief that we on this forum can all work together on our pathway to Millionaires' club. We can ALL win on this forum.bros am already a millionaire just feel I shld help people climb the ladder of success. just keep me posted where u have challenges with ur interview questions |
| Business › Re: Youwin Business Competition 2013 by favoryourl(m): 4:58pm On Aug 17, 2014 |
TAJIBADE: Hello i tried calculating my break even but only one formula is giving me what is expected, i wonder y d first formulas are given a different result. thankwhat u shld do now is let me know 1, ur total fixed cost 2, how much u need in total ( youwin and personal savings) to run your business 3, total sales that is revenue for the whole year 4, total cost (cost of production) for the whole year I will use the first formulae to get your break even amount. |
| Business › Re: Youwin Business Competition 2013 by favoryourl(m): 3:03am On Aug 17, 2014 |
@okpiosko ur question is not well comprehended, pls be more explicit so I cld contribute. |
| Business › Re: Youwin Business Competition 2013 by favoryourl(m): 9:48pm On Aug 16, 2014 |
Goodnews need to answer your questions let me know what you are into and I will post u free answers but on this forum we will all win who win youwin |
| Business › Re: Youwin Business Competition 2013 by favoryourl(m): 3:33pm On Aug 16, 2014 |
Going into any business requires addressing a need. The ever increasing demand for new residential, office building to accommodate people has created a high demand for quality blocks. As a result of this demand a huge market gap has been created for possible exploitation by Yadunba blocks. Apart from my passion for the business, i have been involved in the businee from child hood because my father is a veteran in the industry. So its like turning an interest or hobby into a busines. Our products have the following as an advantage; - The quality and strength differentiation, cost effectiveness and versatility, appearance of our products separate us from the competition and will propel demand as we ramp up our marketing strategies. - Our core competency is the intellectual properties within the industry that are innovative will help our industry distinguish our block from its rivals as well as reduced its cost for more answers to your youwin questions call me @ 07036663913 |
| Business › Re: Youwin Business Competition 2013 by favoryourl(m): 3:24pm On Aug 16, 2014 |
The money needed to implement this business is N7,451,400. Total fixed cost = N 2,881,208 Price per unit = N150 Cost per unit =N 92 Total revenue = N17,130,000 Total cost = N10,506,400 Contribution margin = N17,130,000 - N10,506,400 = N6,623,600 Contribution margin ratio = contributions margin ÷ revenue = N6,623,600 ÷ N17,130,000 = 0.3866667 Break-even (amount) = Fixed cost ÷ contribution margin ratio = N2,881,208 ÷ 0.3866667 = N7,451,399. Break-even (units) = Break-even amount ÷ cost per unit = N7,451,399 ÷ N150 = 49,676 units Alternatively ; Breakeven (units) = fixed cost / contribution = N2,881,208 / (150 - 92) = 2,881,208 / 58 = 49,676 units. Break-even (Amount ) = Break even units × price per unit = 49,676 × 150 = N7,451,400 |
| Business › Re: Youwin Business Competition 2013 by favoryourl(m): 3:05am On Aug 13, 2014 |
pls house. don't be ................. remain prayerful and we will meet at the top |
