Explain the concept of contribution margin. Why is it important? What is the formula to explain sales dollars to earn a target income? What are the methods that deal with uncertain arid risk?

Week 4 Assignment
Read Chapter 4 of your Cornerstones of monogerial Accounting 6th ed. and write a 700-word essay that covers the following to:
Explain the concept of break-even point. Why is it important?
Explain the concept of contribution margin. Why is it important?
What is the formula to explain sales dollars to earn a target income?
What are the methods that deal with uncertain arid risk?