Managerial Accounting

    Explain the break-even point and how it is used in accounting Give an example (not from the book) for all three methods. Be sure to explain how you figured this break-even point. Create a balanced scorecard (an original one, not from the book or from the internet) for an industry of your choice. Create a grading system for each point on your system. I recommend 100 points in all. Give the company you are analyzing a grade for each point as of today. Provide an explanation for that grade. Set a goal for the grade your company wants for next year. Why is it important to analyze a company’s break-even point? Why are balanced scorecards necessary? How do you hope to use these skills in the workplace?