yes
he was the one who introduced the slovin's formula, the estimated sample size given the population size and margin of error
{100 * (30 / 100)} + 100 = 130
Formula to calculate breakeven point is as follows: Break even point = Fixed cost / contribution margin Contribution margin = Sales - Variable cost
Margin = (1-[cost/selling price]) x 100
The Mugenda and Mugenda sampling formula is used to determine the appropriate sample size for a study based on a specific population size and the desired margin of error. The formula accounts for the confidence level, population size, and the variability of the responses. It is particularly useful in social sciences for research involving large populations, ensuring that the sample accurately represents the larger group. The formula helps researchers make informed decisions about how many participants to include in their studies.
Contribution of margin safety x margin of safety
n=N/1+Ne2 sample size= population size/ 1+ population size* (error margin)2
Formula for contribution margin ratio = Sales
he was the one who introduced the slovin's formula, the estimated sample size given the population size and margin of error
sales-variable cost= contribution
Formula for calculating average Contribution margin Average contribution margin = total contribution margin / total number of units
The selling price is the cost plus the margin. If you know the margin as a fixed value and the cost was in cell A2 and the margin in B2, in C2 you could put the following formulas: =A2+B2 If the margin is a percentage of the cost and the margin is in B2, then the formula would be: =A2+A2*B2
Slovin's formula is a mathematical formula used to determine the sample size needed for a survey or study. It takes into account the population size, desired level of confidence, and margin of error to calculate the appropriate sample size for a given study. It is commonly used in statistics and research to ensure accurate and reliable results.
Formula for contribution margin ratio = Sales – Variable cost / Sales
The gross margin formula is gross profit divided by revenue. The gross profit and revenue amounts can be found by looking at a companies income statement.
You take the Earning before interest and taxes (EBIT)/sales=Operating profit margin
Formula for Breakeven point: Breakeven point = Fixed Cost / Contribution margin ratio Contribution margin ratio = Sales / contribution margin Contribution margin = sales - variable cost