Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please show work so i can understand. thank you 6) General Mills is looking to introduce a new cereal in the marketplace. The box of

please show work so i can understand. thank you
image text in transcribed
6) General Mills is looking to introduce a new cereal in the marketplace. The box of cereal has a cost of $1.64 and the company historically has made 67% margin on its sale. a) What is the selling price needed to achieve the 67% margin? b) If the company has fixed costs of $240,000, how many boxes of cereal is needed to breakeven? c) If General Mills would like to make $55,000 profit, how many boxes would the need to sell

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

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

Essentials Of Statistics For Business And Economics

Authors: David Anderson, Thomas Williams, Dennis Sweeney, Jeffrey Cam

7th Edition

1305081595, 978-1305081598

More Books

Students also viewed these Accounting questions

Question

char a = 5 8 ; char b = 7 9 ; a | = ~b;

Answered: 1 week ago