Question
Need excel with solutions to: Facts Selling Price: $750.00 Profit Contribution Margin: 35% of selling price Advertising Cost: 231,000 readership @ $9,100 ad placement cost,
Need excel with solutions to:
Facts
Selling Price: $750.00
Profit Contribution Margin: 35% of selling price
Advertising Cost: 231,000 readership @ $9,100 ad placement cost, plus ad production cost of $3,500
Historical Response Rate: .04%
Questions:
- Will this be profitable using the assumptions above?
- What would ROI (ROMI) be?
- How many units would we need to sell to breakeven?
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Financial Accounting
Authors: Patricia A. Libby, Daniel Short, George Kanaan, Maureen Libby Gowing, Robert Libby
4th Canadian Edition
0070001499, 9780070001497
