Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A company produces wooden tables. The company has fixed costs of $ 1 6 0 0 , and it costs an additional $ 5 0

A company produces wooden tables. The company has fixed costs of $1600, and it costs an additional $50 per table. The company sells the tables at a price of $157 per table.
If the company needs to earn a profit of $7200, how much money in costs should it be prepared to cover?
It should be prepared to cover $enter your response here in costs. Round to the nearest whole number. answer is not 4$150

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

Precalculus

Authors: Michael Sullivan

9th edition

321716835, 321716833, 978-0321716835

Students also viewed these Accounting questions