Deng Chow Chan found that the basic income generated by his main product is 10 a unit,
Question:
Deng Chow Chan found that the basic income generated by his main product is £10 a unit, but this increases by £1 for every unit he makes. If he has to cover fixed costs of £100, how many units must he sell to cover all his costs?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 56% (16 reviews)
The income generated by x units is 10 xx Subtracting the fixed costs ...View the full answer
Answered By
Ali Khawaja
my expertise are as follows: financial accounting : - journal entries - financial statements including balance sheet, profit & loss account, cash flow statement & statement of changes in equity -consolidated statement of financial position. -ratio analysis -depreciation methods -accounting concepts -understanding and application of all international financial reporting standards (ifrs) -international accounting standards (ias) -etc business analysis : -business strategy -strategic choices -business processes -e-business -e-marketing -project management -finance -hrm financial management : -project appraisal -capital budgeting -net present value (npv) -internal rate of return (irr) -net present value(npv) -payback period -strategic position -strategic choices -information technology -project management -finance -human resource management auditing: -internal audit -external audit -substantive procedures -analytic procedures -designing and assessment of internal controls -developing the flow charts & data flow diagrams -audit reports -engagement letter -materiality economics: -micro -macro -game theory -econometric -mathematical application in economics -empirical macroeconomics -international trade -international political economy -monetary theory and policy -public economics ,business law, and all regarding commerce
4.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Statistics questions
-
How many units must Queens Company sell to break even if the selling price per unit is $9, variable costs are $5 per unit, and fixed costs are $6,000? What is the breakeven point in total dollars of...
-
How many units must Braxton Company sell to break even if the selling price per unit is $8.50, variable costs are $4.30 per unit, and fixed costs are $3,780? What is the breakeven point in total...
-
Given the following information, how many units must be sold to achieve a profit of $25,000? Direct labor hours: ........................... 0.2 hour/unit Direct labor costs:...
-
02. The competitive exclusion principle only applies when the niches of competing species have a high degree of overlap. O True False 54bmit Q3. Four snake species colonize an island at the same...
-
`Use integration by parts and the technique of Problem 33 to transform the improper integral Into a proper integral? dx V ) x(1+x)
-
Demand for an airlines seats on a short- haul route follows a normal distribution with a mean of 80 and a standard deviation of 20. If the price of an economy fare class Y seat is $200 and that of an...
-
What do you think? Do you agree with the premises of this argument regarding the decreased importance of market share?
-
During the 2016 tax year, Brian, a single taxpayer, received $7,200 in Social Security benefits. His adjusted gross income for the year was $14,500 (not including the Social Security benefits) and he...
-
Decker Tires free cash flow was just FCF0 = $1.32 million. Analysts expect the company's free cash flow to grow by 30% this year, by 10% in Year 2, and at a constant rate of 6% in Year 3 and...
-
Define the following terms: superclass of a subclass, superclass/subclass relationship, IS-A relationship, specialization, generalization, category, specific (local) attributes, and specific...
-
What are the roots of (a) x2 6x + 8, (b) 3x2 2x 5, (c) x2 + x + 1?
-
The output, y, from an assembly line is related to one of the settings, x, by the equation y = 5x2 + 2,500x 12,500 What is the maximum output from the line, and the corresponding value for x?
-
Why is fraud that is committed by management always considered material, even if the amount is not quantitatively material?
-
Childhood leukemia, a hematological malignancy, is the most common form of childhood cancer, representing 29% of cancers in children aged 0 to 14 years in 2018. Imagine that you work in the State...
-
Question 1 Approximating functions using linear functions or higher degree polynomials is a very useful scientific tool! This concept generalizes to Taylor Polynomials, but is most simply illustrated...
-
Find the volume of the solid of revolution formed by rotating the specified region R about the x axis. Volume Formula Suppose f(x) is continuous and f(x) 0 on a x b, and let R be the region under the...
-
As machines get older, the cost of maintaining them tends to increase. Suppose for a particular machine, the rate at which the maintenance cost is increasing is approximated by the function C' (t) =...
-
At Edsel Automotive, the management team is planning to expand one of its plants by adding a new assembly line for sport utility vehicles (SUVs). The cost of setting up the new SUV assembly line is...
-
Provide examples of planned change and unpredictable change being part of organizational life. LO3
-
Find the work done in pumping all the oil (density S = 50 pounds per cubic foot) over the edge of a cylindrical tank that stands on one of its bases. Assume that the radius of the base is 4 feet, the...
-
Fill in the blank field in this text: The [1]________ key cycles through the available snaps near your cursor.
-
A study examined waiting times in the X-ray department for a hospital in Jacksonville, Florida. A clerk recorded the number of patients waiting for service at 9:00 A.M. on 20 consecutive days and...
-
A company that franchises coffee houses conducted taste tests for a new coffee product. The company prepared four blends and randomly chose individuals to do a taste test and state which of the four...
-
A company that franchises coffee houses conducted taste tests for a new coffee product. The company prepared four blends and randomly chose individuals to do a taste test and state which of the four...
-
The predetermined overhead rate is usually calculated Group of answer choices At the end of each year At the beginning of each month At the beginning of the year At the end of the month
-
ajax county collects property taxes for the cities within the county, Ajax county collected 1000 from citizens in Beatty city that belong to Beatty city what would be the appropriate entries for ajax...
-
Assume that gasoline costs $ 3 . 2 0 per gallon and you plan to keep either car for six years. How many miles per year would you need to drive to make the decision to buy the hybrid worthwhile,...
Study smarter with the SolutionInn App