A dress manufacturer, Prissy Candy, has fallen on hard times and wants to break-even with it's most popular dress line instead of lose money as it has in the past. Their product currently sells for $120 for each dress with materials and labor totaling $70. The fixed costs are $50,000 annually. In order to break even, Prissy Candy would need to sell _______ dresses.
A dress manufacturer, Prissy Candy, has fallen on hard times and wants to break-even with it's most popular dress line instead of lose money as it has in the past. Their product currently sells for $120 for each dress with materials and labor totaling $70. The fixed costs are $50,000 annually. In order to break even, Prissy Candy would need to sell _______ dresses.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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A dress manufacturer, Prissy Candy, has fallen on hard times and wants to break-even with it's most popular dress line instead of lose money as it has in the past.
Their product currently sells for $120 for each dress with materials and labor totaling $70. The fixed costs are $50,000 annually.
In order to break even, Prissy Candy would need to sell _______ dresses.
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