Please answer question 1, 2, and 3.
1. Market Potential Assess the potential market for the PadWorks system, using the following US population data and statistics on tablet usage, provide and low and high rang estimate of the market in units. As of 2020 there are approximately 230 million adults from 18-69 in the US and 63% of US Households earn more than $50,000 per year. According to the 'US Consumer Electronics Industry Analysis' 52% of US adults own at least one tablet, the average buyer earns more than $50,000 per year, 80% of consumers say they like tablets, 70% of consumer say they use tablets, 30% of tablet users use tables at work, 70% of table users use tables at home. 1a. The Market potential range for this product in the US is: 1b. Numbers used in the formula: units. 1a: Q = n xq xp 1b.(write out your formula and the numbers you use. 2. Sales Goals The CMO has set a total sales goal of $125 million for the PadWorks in year one. While the tablet will retail for $999, the wholesale price of the tablet is $825. Using the wholesale price, how many tablets need to be sold in year 1 to meet these sales goals? Volume = sales goal / wholesale price 1 2. tablets sold Part 2: Break Even and Pricing Analysis 3. Break-Even Analysis Accounting The CMO would like to know how many tablets must be sold to break-even, this will represent the lower end of their sales goal. The variable cost per tablet is $580 The fixed costs to manufacture the tablets is $52,000,000 At the current wholesale price of $825 per tablet, what is the break-even volume for the tablets? 3. Current break-even volume: 1. Market Potential Assess the potential market for the PadWorks system, using the following US population data and statistics on tablet usage, provide and low and high rang estimate of the market in units. As of 2020 there are approximately 230 million adults from 18-69 in the US and 63% of US Households earn more than $50,000 per year. According to the 'US Consumer Electronics Industry Analysis' 52% of US adults own at least one tablet, the average buyer earns more than $50,000 per year, 80% of consumers say they like tablets, 70% of consumer say they use tablets, 30% of tablet users use tables at work, 70% of table users use tables at home. 1a. The Market potential range for this product in the US is: 1b. Numbers used in the formula: units. 1a: Q = n xq xp 1b.(write out your formula and the numbers you use. 2. Sales Goals The CMO has set a total sales goal of $125 million for the PadWorks in year one. While the tablet will retail for $999, the wholesale price of the tablet is $825. Using the wholesale price, how many tablets need to be sold in year 1 to meet these sales goals? Volume = sales goal / wholesale price 1 2. tablets sold Part 2: Break Even and Pricing Analysis 3. Break-Even Analysis Accounting The CMO would like to know how many tablets must be sold to break-even, this will represent the lower end of their sales goal. The variable cost per tablet is $580 The fixed costs to manufacture the tablets is $52,000,000 At the current wholesale price of $825 per tablet, what is the break-even volume for the tablets? 3. Current break-even volume
