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Rainbow Corporation produces class rings to sell to college and high school students. These rings sell for $60 each, and cost $33 each to produce.
Rainbow Corporation produces class rings to sell to college and high school students. These rings sell for $60 each, | ||||||||||
and cost $33 each to produce. Heister has fixed costs of $55,000. | ||||||||||
a) Calculate Heister's breakeven point | (Whole number) | |||||||||
b) What will Heister's profit (loss) be if it sells 7000 rings? | (Whole number) | |||||||||
c) What will Heister's DOL be if it sells 7000 rings? | (Two Decimals) | |||||||||
d) How many rings must Heister sell to earn a profit of $150,000? | (Whole number) |
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