Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Ana has started her own company, Imprint Shirts, which makes Custom Embroidered Logo polo shirts for special orders. Since she has just begun this operation,
Ana has started her own company, Imprint Shirts, which makes Custom Embroidered Logo polo shirts for special orders. Since she has just begun this operation, she rents the equipment from a local shop when necessary. The cost of using the equipment is $700. The materials used in one shirt cost $11, while the labor cost is $4 per shirt. Ana can sell these shirts for $20 each.
a) How many shirts must Ana sell to break even?
b) What is the total revenue for breaking even?
c) How many shirts must Ana sell to make a profit of $360?
d) What is the total revenue for making a profit of $360?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started