Small and large businesses need to understand the relationship between cost, volume and profit to develop their pricing strategies. Setting prices too high might mean lost sales, while discounting ...

A product's contribution margin tells you how much that product contributes toward paying your company's fixed costs -- and, once those costs have been covered, how much it contributes toward profit.

Traditional and contribution margin income statements provide a detailed picture of a company's finances for a given period of time. While both serve the purpose of showing whether a company has a net ...

When you run a company, it’s obviously important to understand how profitable the business is. Many leaders look at profit margin, which measures the total amount by which revenue from sales exceeds ...

Nearly 40% of American hospitals operate with negative margins, and while efforts to optimize revenue have accelerated in recent years, cost containment continues to lag. Healthcare organizations have ...

With ever-increasing costs of farm inputs, it becomes more important to determine what inputs will be best to control weeds and other detriments to your crops. Although I am not an agronomist, one ...