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Hi, this is financial math problem I need help with. Thanks. Taylor is considering the expansion of her picture-framing camera business to include the printing
Hi, this is financial math problem I need help with. Thanks.
Taylor is considering the expansion of her picture-framing camera business to include the printing of oversize pictures from CDs. She would need to lease equipment, at a cost of $351 per month. To process the pictures, she estimates that she would have supplies expenses of $3 per picture. Taylor estimates that she can sell 60 pictures per month. (a) What price should she charge to break even? (b) Compute the break-even point in sales dollars. The picture frames should be sold for $1 to break even. (Round to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) The break-even point in sales dollars is $ . (Round to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)Step by Step Solution
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