Question
In 1948 Tucker Automobile Company produced 51 automobiles with a selling price of $4,000. The variable costs per unit were $3,200 per car. His fixed
- In 1948 Tucker Automobile Company produced 51 automobiles with a selling price of $4,000. The variable costs per unit were $3,200 per car. His fixed costs were $7,000,000. What is his current profit or loss? (1pts) Question 1 - In 1948 Tucker Automobile Company produced 51 automobiles with a selling price of $4,000. The variable costs per unit were $3,200 per car. His fixed costs were $7,000,000. What is his current profit or loss?
a. loss of $7,163,200
b. loss of $6,959,200
c. loss of $6,796,000
d. None of the above
In 1948 Tucker Automobile Company produced 51 automobiles with a selling price of $4,000. The variable costs per unit were $3,200 per car. His fixed costs were $7,000,000.
What is the contribution margin %?
Question 2 - In 1948 Tucker Automobile Company produced 51 automobiles with a selling price of $4,000. The variable costs per unit were $3,200 per car. His fixed costs were $7,000,000. What is the contribution margin %?
25% | |
30% | |
80% | |
15% | |
None of the above |
3)
How many cars would he have to produce to breakeven?
(1pts)
Question 3 - How many cars would he have to produce to breakeven?
815,000 | |
203.75 | |
8,750 | |
40,800 | |
None of the above |
4)
In 1948 Tucker Automobile Company produced 51 automobiles with a selling price of $4,000. The variable costs per unit were $3,200 per car. His fixed costs were $7,000,000.
If total sales are $35,000,000, what would the profit be?
(1pts)
Question 4 - In 1948 Tucker Automobile Company produced 51 automobiles with a selling price of $4,000. The variable costs per unit were $3,200 per car. His fixed costs were $7,000,000. If total sales are $35,000,000, what would the profit be?
A profit of $8,750 | |
A profit of $40,800 | |
A loss of $7,000,000 | |
A profit of $0 | |
None of the above |
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