Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

show how you solved each part. 4. Your company sells a product for $150/unit, on average. Your variable costs associated with the product are $85/unit.

show how you solved each part.

image text in transcribed

4. Your company sells a product for $150/unit, on average. Your variable costs associated with the product are $85/unit. Your fixed costs for your business are $12,000. What is the break- even number of units you need to sell? (Show your work.) (5 points) 5. Using the numbers from the previous question, what would the break even be if you wanted $20,000 in profits? (Show your work.) (5 points) 6. What is your markup on the product from question 4? What is your gross profit margin? (Show your work.) Which number is more important to managers and business owners? (9 points)

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

Step: 3

blur-text-image

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

Fundamentals Of Futures And Options Markets

Authors: John C. Hull

5th Edition

0131445650, 9780131445659

More Books

Students also viewed these Finance questions

Question

Appreciate the rationale for having a human resources department.

Answered: 1 week ago

Question

What are some global employee and labor relations problems?

Answered: 1 week ago