Answered step by step
Verified Expert Solution
Question
1 Approved Answer
How many units will you need to sell to break even? (Round the variable cost to the nearest penny and round the # of units
How many units will you need to sell to break even? (Round the variable cost to the nearest penny and round the # of units UP to the nearest whole number).
SUMMARY OUTPUT \begin{tabular}{lr} \hline \multicolumn{2}{c}{ Regression Statistics } \\ \hline Multiple R & 0.782425862 \\ \hline R Square & 0.61219023 \\ \hline Adjusted R Square & 0.604434034 \\ \hline Standard Error & 950.2950652 \\ \hline Observations & 52 \\ \hline \end{tabular} ANOVA \begin{tabular}{|lrrrrrr} \hline & df & \multicolumn{1}{c}{ SS } & \multicolumn{1}{c}{ MS } & F & Significance F \\ \hline Regression & 1 & 71277851.51 & 71277851.51 & 78.9291912 & 7.36486E12 \\ \hline Residual & 50 & 45153035.54 & 903060.7109 & & \\ \hline Total & 51 & 116430887.1 & & & \\ \hline \end{tabular} In addition to the above information, use this information to answer Questions 1 - 6: Selling price per unit: After tax profit goal Tax Rate \begin{tabular}{|r|} \hline$3.60 \\ \hline$14,000 \\ \hline 40% \\ \hline 12,000 \\ \hline 12,000 \end{tabular}Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started