Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Business C sells pies and has the following financial metrics: All numbers are given in totals unless stated otherwise: Price per pie ? Direct labour

Business C sells pies and has the following financial metrics: All numbers are given in totals unless stated otherwise:

Price per pie ?

Direct labour per pie $3.0

Raw materials per pie $2.0

Rent $2,000.0

Advertising $1,000.0

Quantity sold 5000

What is the breakeven price point per pie for Business C based on quantity sold? $___ (2 decimal places).

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Market Liquidity Theory Evidence And Policy

Authors: Thierry Foucault, Marco Pagano, Ailsa Roell

1st Edition

0199936242, 978-0199936243

More Books

Students also viewed these Finance questions

Question

Find the indefinite integrals of the following function. 10t9 + 6t5

Answered: 1 week ago