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please just requirements 3 and 4, thank you! 4 2.36 Doints Last year Minden Company introduced a new product and sold 25,200 units of it
please just requirements 3 and 4, thank you!
4 2.36 Doints Last year Minden Company introduced a new product and sold 25,200 units of it at a price of $93 per unit. The product's variable expenses are $63 per unit and its fixed expenses are $834,900 per year Required: 1. What was this product's net operating income (loss) last year? 2. What is the product's break-even point in unit sales and dollar sales? 3. Assume the company has conductes a marketing study that estimates it can increase annual sales of this product by 5,000 units for each $2 reduction in its selling price. If the company will only consider price reductions in increments of $2 (0.9. $68, $66, etc.), what is the maximum annual profit that it can earn on this product? What sales volume and selling price per unit generate the maximum profit? 4. What would be the break even point in unit sales and indoor sales using the selling price that you determined in requirement 3? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required Required Assume the company has conducted a marketing study that estimates it can increase annual sales of this product by 5,000 units for each $2 reduction in its selling price. If the company will only consider price reductions in increments of $2(eg. $68, 566, etc.), what is the maximum annual profit that it can earn on this product? What sales volume and selling price per unit generate the maximum pront? Show less Maximum annual profit Number of units Selling price per unit 4 2.36 pot Last year Minden Company introduced a new product and sold 25,200 units of it at a price of $93 per unit. The product's variable expenses are 563 per unit and is fixed expenses are $834.900 per year. Required: 1. What was this product's net operating income (loss) last year? 2. What is the product's break-even point in unit sales and dollar sales? 3. Assume the company has conducted a marketing study that estimates it can increase annual sales of this product by 5,000 units for each $2 reduction in its selling price. If the company will only consider price reductions in increments of $20.9.$68,566, etc) what is the maximum annual profit that it can earn on this product? What sales volume and selling price per unit generate the maximum profit? 4. What would be the break even point in unit sales and in dollar sales using the selling price that you determined in requirement 3? Complete this question by entering your answers in the tabs below. Required Required 2 Required Required 4 What would be the break-even point in unt sales and in dollar sales using the selling price that you determined in requirement ? (Do not round Intermediate calculations.) Break-even point Breskoven point in dotaras Step by Step Solution
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