Create an Excel model to provide the answer for Problem 119. Problem 119 A website has a
Question:
Create an Excel model to provide the answer for Problem 1–19.
Problem 1–19
A website has a fixed cost of $15,000 per day. The revenue is $0.06 each time the website is accessed. The variable cost of responding to each hit is $0.02.
(a) How many times must this website be accessed each day to break even?
(b) What is the break-even point, in dollars?
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Related Book For 
Managerial Decision Modeling Business Analytics With Spreadsheet
ISBN: 9781501515101
4th Edition
Authors: Nagraj Balakrishnan, Barry Render, Ralph Stair, Charles Munson
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