Question
Arctic Company sells pairs of shoes for $90 each. The variable costs per pair of shoes are $49 and the fixed costs per week are
Arctic Company sells pairs of shoes for $90 each. The variable costs per pair of shoes are $49 and the fixed costs per week are $6,082.
a. Calculate the number of pairs of shoes that need to be sold every week to break even. Round up to the next whole number
b. If 78 pairs of shoes were sold, calculate the net income in a week. (If the net income represents a loss, express your answer as a negative dollar amount.) Round to the nearest cent
c. How many pairs of shoes must be sold to make a profit of $7,152 in a week?
Round up to the next whole number
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