Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I need to know how to answer this not in an excel format but as if I was writing the steps in a word format.

I need to know how to answer this not in an excel format but as if I was writing the steps in a word format.

You work for a company that does blood testing and needs to invest in another centrifuge. You are looking at two different models. The first is the Unico PowerSpin LX which can hold 5 test tubes of blood when operating (per run). The second model is the Benchmark Scientific which can hold 6 test tubes when operating (per run). You charge 7 per test tube, so the Unico PowerSpin LX earns you 35 per run and the Benchmark Scientific earns you 42 per run. The Unico PowerSpin LX costs $676 to purchase and each run costs 10. The Benchmark Scientific costs $859 to purchase and costs 15 per run. a) How many runs will be needed for both machines to generate the same level of profit? b) If the expected number of runs is 10,000, which machine should you buy?

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_2

Step: 3

blur-text-image_3

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

Fundamentals Of Strategy

Authors: Gerry Johnson, Kevan Scholes, Richard Whittington

2nd Edition

0273713108, 9780273713104

More Books

Students also viewed these Accounting questions