Break-Even point is a method for calculating the profitability of a business. Income is calculated as the product quantity and the cost, and the costs are the sum of fixed costs and the product of the variable costs per unit with the amount. Therefore, breaking point is calculated by division of fixed costs and the difference of price and variable costs per unit of production. In following „recipe“ you will see the practical application of this method.
The term “mixed apples and oranges” is used to describe attempts to link some completely incompatible things. In Excel this often refers to making a strange conglomerate of a Pivot and traditional table. I personally never recommend it, but there are times when such reports are still necessary. With some ingenuity and little help of GETPIVOTDATA and OFFSET functions we’ll be able “to mix apples and oranges”. None of the above were hurt during the process!
Each one of you, who was in the situation of writing a user manual, certainly used one of the options for capturing screen content. To remind you, by pressing the PrtScr or SHIFT + PrtScr (shortcut from the Print Screen) key, the full screen image is transferred to the computer’s memory. Pressing Alt + PrtScr camptures only the contents of the active window. Some recent versions of Excel have an option that allows you to capture screen content.
This is, I must admit, a very fun option and totally different from what you get used to when working with Excel. On the other hand, if you are not skilled in formatting the table framework, it can help you to draw the tables in which you will enter the data. This option has not always been in Excel, so I believe that many experienced users do not know that it exists. Below you will find out more about drawing the framework of the table.
“No romance without finance” is part of the lyrics of ’90s hit which point to a major life truth: whatever job you’re doing, sooner or later you are going to review the financial statements. This is inevitable, because the insight into the structure of sources, assets, revenues, expenses and other financial indicators you can learn your position “in space and time ‘, or whether you are doing your job well or not, and where there is room for improvement.