Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on May 17, 2024

The selling price for a type of felt-tip pen is $1.5 per pen. Fixed cost of the operation is $3000 per month and variable cost

The selling price for a type of felt-tip pen is $1.5 per pen. Fixed cost of the operation is $3000 per month and variable cost is 50 cents per pen. (1) Find the break-even quantity. (11) How many pens must be sold to obtain a monthly profit of $2000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

Step: 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

Successful Project Management

Authors: Jack Gido, Jim Clements

4th Edition

9780324656152, 324656130, 978-0324656138

More Books

Students also viewed these General Management questions

Question

★★★★★

The selling price for a type of felt-tip pen is $1 per pen. Fixed cost of the operation is $25,000 per month and variable cost is 50 cents per pen. a. Find the break-even quantity. b. How many pens...

Answered: 1 week ago

Question

★★★★★

he selling price for a type of felt-tip pen is $1 per pen. Fixed cost of the operation is $25,000 per month and variable cost is 5 0 cent s per pen. a. Find the break-even quantity. b. How many pens...

Answered: 1 week ago

Question

★★★★★

Use the normalcdf feature on the calculator to find the specified area under the standard normal distribution curve. Round your answers to four decimal places (to the nearest ten-thousandth). To the...

Answered: 1 week ago

Question

★★★★★

1. Enis falsely accuses Monalisa of stealing from Island Tours, Inc., their employer. Enis's statement is defamatory only if a. a third party hears it. b. Monalisa has not been caught. c. the...

Answered: 1 week ago

Question

★★★★★

Book Corporation purchased 90,000 shares of Lance Company at underlying book value of $3 per share on June 30, 20X1. On January 1, 20X5, Lance reported its net book value as $400,000 and continued to...

Answered: 1 week ago

Question

★★★★★

Which of all commercial banks the OCC regulates? LO.1

Answered: 1 week ago

Question

★★★★★

Why do you want to be a clinical psychologist?

Answered: 1 week ago

Question

★★★★★

Collins Corporation issued 10,000 shares of no-par common stock for $20 per share. Collins also issued 2,000 shares of $50 par, 5 percent noncumulative preferred stock at $55 per share. Required...

Answered: 1 week ago

Question

★★★★★

1. Ensuring that all stakeholders are aware of the risk events on the project is a demonstration of which principle? a. Accountability b. Defensibility c. Transparency d. Repeatability 2. Adhering...

Answered: 1 week ago

Question

★★★★★

Assume that the monetary base ( B ) is $50 billion, the reserve-deposit ratio ( rr ) is 0.1, and the currency-deposit ratio ( cr ) is 0.1. What is the money supply?

Answered: 1 week ago

Question

★★★★★

In developing customer loyalty, businesses can reap success. Discuss FOUR (4) ways in which customer loyalty can be developed. Explain how an understanding of the following by the company can improve...

Answered: 1 week ago

Question

★★★★★

PROBLEMS IN DESIGN Human Factors has been called "the discovery and application of principles concerning human behavior and characteristics to the design, evaluation, operation, and maintenance of...

Answered: 1 week ago

Question

★★★★★

An accident study shows that a month may be considered as high, medium, or low accidents month with probabilities 0.2,0.3 and 0.6 respectively. The number of accidents follow Poisson distributions...

Answered: 1 week ago

Question

★★★★★

Single Americans In a recent year, about 22% of Americans 16 years and older are single. What is the probability that in a random sample of 170 Americans 16 or older, more than 28 are single? Round...

Answered: 1 week ago

Question

★★★★★

Question 2 (Time-series forecasting) 1. (3 points) Dummy variables corresponding to first, second, and third quarters were added to the linear trend model. These indicator variables are X1, X2, and...

Answered: 1 week ago

Question

★★★★★

Degree Correlations in Erds - Rnyi Networks Consider the Erds - Rnyi G ( N , L ) model of random networks, introduced in CHAPTER 2 ( BOX 3 . 1 and SECTION 3 . 2 ) , where N labeled nodes are...

Answered: 1 week ago

Question

★★★★★

Southwestern Punch was made by Frutayuda, Inc. and sold in 12-ounce cans to benefit victims of Hurricane Zero. The mean number of ounces placed in a can by an automatic fill pump is 11.7 with a...

Answered: 1 week ago

Question

★★★★★

9.128 Rejecting true H0? A medical researcher conducts a significance test whenever she analyzes a new data set. Over time, she conducts 100 independent tests. a. Suppose the null hypothesis is true...

Answered: 1 week ago

Question

★★★★★

9.122 True or false A 95% confidence interval for m = population mean IQ is (96, 110). So, in the test of H0: m = 100 against Ha: m 100, the P@value 7 0.05.

Answered: 1 week ago

Question

★★★★★

9.127 Standard error formulas Suppose you wanted to test H0: p = 0.50, but you had 0 successes in n trials. If you had found the test statistic by using the se = 2pn 11 - pn 2 >n designed for...

Answered: 1 week ago

Previous Question Next Question