Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

13. [-/6 Points] DETAILS 0/30 Submissions Used MY NOTES As Sales Manager for ISee You Productions, you are planning to review the prices you

image text in transcribed

13. [-/6 Points] DETAILS 0/30 Submissions Used MY NOTES As Sales Manager for ISee You Productions, you are planning to review the prices you charge clients for television advertisement development. You currently charge each client a development fee of $9,000. With this pricing structure, ISee You is able to sign 24 contracts per month. This is down from 56 contracts, which was the figure last year when your company charged each client only $5,000. (a) Construct a linear function that yields the development fee p that ISeeYou should charge in order to sign a contracts per month. p(q) = (b) Find the total revenue R ISeeYou obtains by signing a contracts. R(q) (c) The costs to ISeeYou Productions are estimated as follows: Fixed costs: Variable costs: $80,000 per month 1,000g dollars (when a contracts are signed) Express ISee You Productions' monthly cost as a function of the number q of contracts. C(q) (d) Express ISeeYou Productions' monthly profit as a function of the number q of contracts. P(a) (e) How many contracts could ISeeYou sign to break even? (Enter the lower value first.) ISeeYou breaks even when they sign contracts. or

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting

Authors: John Wild, Ken Shaw

5th edition

978-1259176494, 1259176495, 978-1259347641, 1259347648, 978-0078025600

Students also viewed these Accounting questions