Homework Content Christopher Smith created his own company, Smith's Billiards Emporium, two years after he graduated with an accounting degree from college. Chris did not earn any scholarships, take out any loans, or get financial help from his parents to pay for his education. Instead he paid his way through college by using his quick wits and amazing billiards skills to win money at the local pool halls. Chris thought his true secret was his innovative pool cue that he had designed. At his store, he sells general billiards products, but he is considering mass producing his own pool cue. He estimates that he would be able to sell 10,500 pool cues. Chris also determined that the cues would require variable costs of $37.50 per cue and that each cue would have a selling price of $112.50. Smith's Billiards Emporium has annual fixed costs of $300,000. Question 1 REMAINI How many cues must be sold to break even? Add your answer 0.85 Points

Homework Content Christopher Smith created his own company, Smith's Billiards Emporium, two years after he graduated with an accounting degree from college. Chris did not earn any scholarships, take out any loans, or get financial help from his parents to pay for his education. Instead he paid his way through college by using his quick wits and amazing billiards skills to win money at the local pool halls. Chris thought his true secret was his innovative pool cue that he had designed. At his store, he sells general billiards products, but he is considering mass producing his own pool cue. He estimates that he would be able to sell 10,500 pool cues. Chris also determined that the cues would require variable costs of $37.50 per cue and that each cue would have a selling price of $112.50. Smith's Billiards Emporium has annual fixed costs of $300,000. Question 1 How many cues must be sold to break even? How many cues must be sold to earn a profit of $25,000 ? Question 3 If 7,000 cues are sold, how much profit will Smith's Billiards Emporium earn? Question 4 What would be the breakeven point (in units) if the sales price decreased by 20 percent? What would be the breakeven point (in units) if the sales price decreased by 20 percent? Question 5 What would be the breakeven point (in dollars) if variable costs per sign decreased by 40 percent? Question 6 What would be the breakeven point (in dollars) if fixed cost increased by $75,000 ? Homework Content Christopher Smith created his own company, Smith's Billiards Emporium, two years after he graduated with an accounting degree from college. Chris did not earn any scholarships, take out any loans, or get financial help from his parents to pay for his education. Instead he paid his way through college by using his quick wits and amazing billiards skills to win money at the local pool halls. Chris thought his true secret was his innovative pool cue that he had designed. At his store, he sells general billiards products, but he is considering mass producing his own pool cue. He estimates that he would be able to sell 10,500 pool cues. Chris also determined that the cues would require variable costs of $37.50 per cue and that each cue would have a selling price of $112.50. Smith's Billiards Emporium has annual fixed costs of $300,000. Question 1 How many cues must be sold to break even? How many cues must be sold to earn a profit of $25,000 ? Question 3 If 7,000 cues are sold, how much profit will Smith's Billiards Emporium earn? Question 4 What would be the breakeven point (in units) if the sales price decreased by 20 percent? What would be the breakeven point (in units) if the sales price decreased by 20 percent? Question 5 What would be the breakeven point (in dollars) if variable costs per sign decreased by 40 percent? Question 6 What would be the breakeven point (in dollars) if fixed cost increased by $75,000