Hotsounds Ltd manufactures premium MP4 players with unusual features. The divisional sales manager has estimated the following
Question:
Hotsounds Ltd manufactures premium MP4 players with unusual features. The divisional sales manager has estimated the following demand curve data:
Quantity sold per month ____________________ Unit sales price
20 .....................................................$500
40 .....................................................$475
60 .....................................................$450
80 .....................................................$425
110 ...................................................$400
Required
1. Prepare a table using the following column headings: quantity sold per month, unit sales price, total revenue per month, changes in total revenue.
2. Draw a graph that shows the total revenue curve.
Step by Step Answer:
Management Accounting
ISBN: 9781760421144
7th Edition
Authors: Kim Langfield Smith, Helen Thorne, David Alan Smith, Ronald W. Hilton