Question
You have always wanted to write novel yet are unsure whether you might be able to make a living doing it. As you are considering
You have always wanted to write novel yet are unsure whether you might be able to make a living doing it. As you are considering taking a leave of absence from your day job to pursue writing full-time, you need to make sure that you can continue to put food on the table for your spouse and 10 children.As such you determine that one thing you need to do is a Break-Even Analysis to see how many books you would need to sell at a minimum to cover your costs of producing them. It will take you 4 months full-timeto write the novel and 8 months to convince bookstores to buy copies of it from you. You will be able to do latterpart-time and as suchwill be able to return to work full-time after 4 months.Your fixed costs, including lost wages for that period, will total$9,892.02. You are expecting to sell your self-published book to bookstores at an average price of $6.06 each. The average cost to you per book is$1.73. How many books will you need to sell within the 3 monthstomake back your total cost?(Round up your answer to the next whole number.)
Select one:
a.2,285 days
b.228 books
c.2,28 days
d.2,285 books
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