Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

monthly fixed cost in problem 1)20196 Continuing Question 1. Combining the month fixed costs in problem 1 and assuming X is the variable unit (y

image text in transcribedimage text in transcribed monthly fixed cost in problem 1)20196 Continuing Question 1. Combining the month fixed costs in problem 1 and assuming X is the variable unit (y = mx + b), write an equation for the costs. If Happy Sharks Limited is able to bill the client $20 per foot for fiber optic conduit installed, how many feet of fiber optic conduit must be installed over the course of a month to break-even? If Happy Sharks Limited wants a profit of $75,000 for that crew over the course of a month, how much fiber optic conduit must be installed? If the crew can only install 800 feet of conduit, on average, per day (assume 5 day work week and 4.25 weeks per month), is the crew able to meet the break-even amount and the $75,000 profit amount? Negative profit is a possibility. Based on the limitations in Question 2, what is the maximum amount of profit and footage, on average, a crew is able to install per month? Negative profit is a possibility. For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BIUS Paragraph Arial 10pt Ev A Ix XO

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

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

Financial Accounting

Authors: Libby, Short

6th Edition

978-0071284714, 9780077300333, 71284710, 77300335, 978-0073526881

Students also viewed these Accounting questions

Question

What does the term bleeding edge mean?

Answered: 1 week ago