Question
Xavi sells seashore paintings. His annual Fixed Costs are $900 and the Variable Costs are $7 per painting. Xavi is considering advertising his artwork in
Xavi sells seashore paintings. His annual Fixed Costs are $900 and the Variable Costs are $7 per painting.
Xavi is considering advertising his artwork in a local gallery, the cost of which is $80 per month. What would be the new annual breakeven revenue (in dollars) if he continues to sell his pieces for $15?
CALCULATED VARIABLES: bevol = 113 marpct = 0.53 (53%) contrib = $8.00
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International Financial Management
Authors: Jeff Madura
3rd Edition
0314862722, 978-0314862723
