It is April 15, and so far this month, we have sold $35,000 worth of merchandise. Our
Question:
It is April 15, and so far this month, we have sold $35,000 worth of merchandise. Our quota is to sell $72,500 worth of units in April. If we charge a price p for our product, we will sell 800 – 4p units during the rest of the month. What price would enable us to meet our April revenue quota?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 80% (5 reviews)
Lets first find out how much more revenue we need to generate to meet our quota The quota is 72500 a...View the full answer
Answered By
Isabel Seraspi
I have experience teaching math, science, and English to students of all ages. I have also worked as a tutor in a college setting, helping students with their homework and preparing them for exams.
I believe that tutoring is a great way to help students learn. It allows students to get one-on-one help with their studies, and it gives them the chance to ask questions and get immediate feedback. Tutoring can also be tailored to the individual needs of the student, which is why I believe it is so effective.
I have seen firsthand how tutoring can help students improve their grades and confidence. I have also seen how it can help students who are struggling with a particular subject. I believe that tutoring is a great way to help students learn and succeed in school.
0.00
0 Reviews
10+ Question Solved
Related Book For
Microsoft Excel Data Analysis And Business Modeling
ISBN: 9780137613663
7th Edition
Authors: Wayne Winston
Question Posted:
Students also viewed these Business questions
-
The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...
-
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
-
Read the case study "Southwest Airlines," found in Part 2 of your textbook. Review the "Guide to Case Analysis" found on pp. CA1 - CA11 of your textbook. (This guide follows the last case in the...
-
Imagine you are a member of your local school board. You wantan answer to the very simple question, Are students learning?What can you recommend to school principals to answer thequestion?
-
(a) What are the three major sources of internal pressure for organizational change? (b) In your opinion, which of these three is most difficult to handle? (c) Why?
-
Using the High-Low Method to Estimate the Variable Cost Rate The company reports the following utility costs for different levels of activity during the first half of the year: Using the high-low...
-
Refer to Example 3.29. Suppose the consumer testing service is to choose the top 3 laundry detergents from the group of 10, but is not to rank them. a. In how many different ways can the testing...
-
The following represents selected information taken from a companys aging schedule to estimate uncollectible accounts receivable at year end. Instructions (a) Calculate the total estimated bad debts...
-
Carlos Cavalas, the manager of Echo Products Brazilian Division, is trying to set the production schedule for the last quarter of the year The Brazilian Division had planned to sell 69,410 units...
-
Suppose you are borrowing $500,000 and are making annual payments for 20 years at the beginning of each year. What annual interest rate corresponds to this situation?
-
The current annual interest rate is 5 percent, and you are taking out a 20-year loan with a monthly end-of-month payment. If you can afford monthly payments of $3,000 per month, what is the most you...
-
The HR department acts as an internal service provider, helping various divisions throughout the company with hiring, benefits, training, and other employment functions. An HR rep is assigned to each...
-
Listed below are the amounts (dollars) it costs for marriage proposal packages at different baseball stadiums. Find the range, variance, and standard deviation for the given sample data. Include...
-
The Lotto Case (Hitting the Jackpot) Allen B. Atkins, Roxanne Stell, & Larry Watkins Bob, Chad and Dylan had been dreaming of this day for the past six years; ever since they first met in an...
-
Boxplots. In Exercises 29-32, use the given data to construct a boxplot and identify the 5-number summary. Taxis Listed below are times (minutes) of a sample of taxi rides in New York City. The data...
-
Use the birth weights (grams) of the 400 babies listed in Data Set 6 "Births" in Appendix B. Examine the list of birth weights to make an observation about those numbers. How does that observation...
-
Listed below are annual U.S. sales of vinyl record albums (millions of units). The numbers of albums sold are listed in chronological order, and the last entry represents the most recent year. Do the...
-
When direct materials are issued from the storeroom, what entries are made in the subsidiary records?
-
Floyd Distributors, Inc., provides a variety of auto parts to small local garages. Floyd purchases parts from manufacturers according to the EOQ model and then ships the parts from a regional...
-
The lifetime of a certain manufacturers washing machine is normally distributed with mean 4 years. Only 15% of all these washing machines last at least 5 years. What is the standard deviation of the...
-
You have been told that the distribution of regular unleaded gasoline prices over all gas stations in Indiana is normally distributed with mean $2.95 and standard deviation $0.075, and you have been...
-
A fast-food restaurant sells hamburgers and chicken sandwiches. On a typical weekday the demand for hamburgers is normally distributed with mean 313 and standard deviation 57; the demand for chicken...
-
Describe several common sources of yardstick data that you can use as bases for developing forecast assumptions
-
Green Lawn Company sells garden supplies. Management is planning its cash needs for the second quarter. The following information has been assembled to assist in preparing a cash budget for the...
-
eBook Question Content Area Comparison of Methods of Allocation Duweynie Pottery, Inc., is divided into two operating divisions: Pottery and Retail. The company allocates Power and General Factory...
Study smarter with the SolutionInn App