Sophie Turner - contribution is the difference between revenue and the variable costs of the product/service. It is the amount of money available to cover fixed costs and generate profits. It is also known as marginal income.
Holly Lawson says: It is the money left after teh variable costs have been paid that is the contributor. For example a fare generates £2 of revenue. Variable costs are 50p therefore the contributor is £1.50
The money that is left over from paying off variable costs is then put towards the fixed costs and once the revenue stream is high enough the money is then contributed to profit after fixed and variable costs are being payed off!!!!!!!!
Ollie Manser
ReplyDeleteHelping others to achieve a goal.
Not too sure really.
ReplyDeleteTim Taylor
Tyanni; i have no idea. although im a-thinking it is something to do with helping/giving in some way?
ReplyDeletehelping to achieve something by helping other people/things
ReplyDeleteliam
i'm not really sure but i think it's something to do with everyone putting a bit of work in together in order to achieve a goal
ReplyDeleteizzi gray
The money you have left over from paying the variable costs is then contributed t paying off the fixed cost.
ReplyDeleteChris Tyson
A contribution is giving something to someone else, helping to achieve a target/ goal.
ReplyDeleteTim Taylor
i dont know, sorry.
ReplyDeletecharlie cooper
Sophie Turner - contribution is the difference between revenue and the variable costs of the product/service. It is the amount of money available to cover fixed costs and generate profits. It is also known as marginal income.
ReplyDeletecover your variable then the money left over contributes to the fixed cost
ReplyDeletedan gold
The money left over from each sale and after it has paid off the bariable costs then this costs that start chipping away from the fixed costs
ReplyDeleteD.S
Natasha Ewart-Jones
ReplyDeleteContribution means to subtract all variable costs from the revenue to show the contribution margin.
Chipping away at the fixed costs so you make more profit.
ReplyDeleteMatt Fuller
The money left over from each sale and after it has paid off the variable costs. Then this costs that start paying off the fixed costs.
ReplyDeleteN.R
Chipping away at the fixed costs so you make more profit.
ReplyDeletecontribution means to cover variable costs to pay the fixed costs allowing revenue to increase
ReplyDeletegianni
Holly Lawson says:
ReplyDeleteIt is the money left after teh variable costs have been paid that is the contributor. For example a fare generates £2 of revenue. Variable costs are 50p therefore the contributor is £1.50
The money that is left over from paying off variable costs is then put towards the fixed costs and once the revenue stream is high enough the money is then contributed to profit after fixed and variable costs are being payed off!!!!!!!!
ReplyDeleteTom common.