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    "url": "\/study-help\/questions\/good-evening-in-this-question-i-dont-know-the-4264507",
    "question_creation_date_js": "2024-06-28T07:36:37-04:00",
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    "meta_title": "[Solved] Good evening , In this question I don`t k | SolutionInn",
    "meta_description": "Answer of - Good evening , In this question I don`t know the 4th step\/question. I stared to work on it But I am not sure what form | SolutionInn",
    "meta_keywords": "good,evening,question,don,4th,step\/question,stared,work,formula,help,thank,assume",
    "question_title_h1": "Good evening , In this question I don`t know the 4th step\/question. I stared to work on it But I am not sure what formula",
    "question_title": "Good evening , In this question I don`t know the 4th step\/question.",
    "question_title_for_js_snippet": "Good evening , In this question I don t know the 4th step question  I stared to work on it But I am not sure what formula I should use and how it goes  Can you please help  Thank you, In the following example, assume you own a small company that has developed a new exercise devicecalled  The Strider that tells someone how far they have walked, how many calories they have burned and how many paces per mile they have tallied  Assume the following facts  The machine that makes the device was purchased for $11,500  The microprocessors, the plastic case materials and the labor needed to assemble it costs $15 for each device  You have decided to sell the product directly to the consumer through a website promoted through ads  The price you intend to charge each buyer for the  Strider  is $42  Before you market the product, you decide to create a spreadsheet to estimate the revenues, costs, profits and  Breakeven Point   Go to the  Excel Homework  and click on the tab worksheet labeled   Breakeven Analysis   Create a breakeven analysis table for  The Strider   Note that the Breakeven Point is in units and should therefore be rounded  You should set up the spreadsheet with the appropriate formulas to change the price, cost and sales volume quickly  Answer the following questions  1  Whatareyourrevenues,totalexpensesandprofitifyousell10,000Striders  2  HowmanyStridersdoyouneedtosellat$42tobreakeven  3  Whatareyourrevenues,expensesandprofitifyousell15,000Stridersbylowering the price to $35 each  4  HowmanyStridersdoyouneedtosellat$42tomake$500,000inprofits (Findthe answer by using the formula to calculate the profit, i e , Profit   Revenue   Total Cost ) Type All Answers on your Excel Spreadsheet that you will submit  Units sold $10,000 Sales price $42 00 Revenue $420,000 Fixed Cost $11,500 Variable cost per unit $15 00 Total Cost $161,500 Profits $ 258,500 Break even point $ 426 Units Sold $15,000 Sales price per unit $35 00 Revenue $525,000 Fixed Cost $11,500 Variable cost per unit $15 00 Total Cost $236,500 Profits $288,500 Break even point 575 4 th step Desirable Profit $500,000 Fixed Cost $11,500 Desired contribution $511,500",
    "question_description": "<p>Good evening ,<\/p> <p> <\/p> <p>In this question I don`t know the <strong>4th step\/question. <\/strong>I stared to work on it But I am not sure what formula I should use and how it goes. Can you please help?<\/p> <p> <\/p> <p>Thank you,<\/p> <p> <\/p> <p>In the following example, assume you own a small company that has developed a new exercise devicecalled \"The Strider\"that tells someone how far they have walked, how many calories they have burned and how many paces per mile they have tallied. Assume the following facts. <\/p> <ul> <li>The machine that makes the device was purchased for $11,500. <\/li> <li>The microprocessors, the plastic case materials and the labor needed to assemble it costs $15 for each <\/li> <li>device.<\/li> <li> You have decided to sell the product directly to the consumer through a website promoted through ads. <\/li> <\/ul> <p> The price you intend to charge each buyer for the \"Strider\" is $42. <\/p> <p>Before you market the product, you decide to create a spreadsheet to estimate the revenues, costs, profits and \"Breakeven Point.\" Go to the <strong>\"Excel_Homework\" <\/strong>and click on the tab\/worksheet labeled \"<strong>Breakeven Analysis.\" <\/strong>Create a breakeven analysis table for \"The Strider\". <\/p> <p>Note that the Breakeven Point is in units and should therefore be rounded. You should set up the spreadsheet <strong>with the appropriate formulas <\/strong>to change the price, cost and sales volume quickly. <\/p> <p><strong>Answer the following questions: <\/strong><\/p> <p><strong>1. Whatareyourrevenues,totalexpensesandprofitifyousell10,000Striders? 2. HowmanyStridersdoyouneedtosellat$42tobreakeven? <\/strong><\/p> <p><strong>3. Whatareyourrevenues,expensesandprofitifyousell15,000Stridersbylowering the price to $35 each? <\/strong><\/p> <p><strong>4. HowmanyStridersdoyouneedtosellat$42tomake$500,000inprofits?(Findthe answer by using the formula to calculate the profit, i.e., Profit = Revenue - Total Cost.) <\/strong><\/p> <p>Type All Answers on your Excel Spreadsheet that you will submit. <\/p> <p> Units sold $10,000 <\/p> <p> Sales price $42.00 <\/p> <p> Revenue $420,000 <\/p> <p> <\/p> <p> Fixed Cost $11,500 <\/p> <p> Variable cost per unit $15.00 <\/p> <p> Total Cost $161,500 <\/p> <p> Profits $  258,500 <\/p> <p> Break even point $  426 <\/p> <p> <\/p> <p> Units Sold $15,000 <\/p> <p> Sales price per unit $35.00 <\/p> <p> Revenue $525,000 <\/p> <p> <\/p> <p> Fixed Cost $11,500 <\/p> <p> Variable cost per unit $15.00 <\/p> <p> Total Cost $236,500 <\/p> <p> Profits $288,500 <\/p> <p> Break even point 575 <\/p> <p> <\/p> <p> 4.th step <\/p> <p> Desirable Profit $500,000 <\/p> <p> Fixed Cost $11,500 <\/p> <p> Desired contribution $511,500 <\/p> <p> <\/p> <p> <\/p> <p> <\/p> <p> <\/p> <p> <\/p> <p> <\/p> <p> <\/p>",
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    "question_posted": "2024-06-28 07:36:37",
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