COST (Dollars per toy car)10984_L_LAC001020 30 40 50 60 70 8090100QUANTITY (Thousands of toy cars)Suppose that at the current market price of toy cars, the demand for Giocattolo's product is 20,000 toy cars per year in Italy and 10,000 toy cars peryear in Spain. (Hint: Select each point on the previous graph to see its coordinates.)Based on Giocattolo's average cost curve, within one factory it can produce 10,000 toy cars at $per toy car, produce 20,000 toy cars atper toy car, and produce the total of 30,000 toy cars at $per toy car.

Kindly select each point on the graph given, then select 10, 20 and 30 (thousands) toys on the…

Answered: COST (Dollars per toy car) 10 9 8 4…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Samsung manufacturers USB charging cables for mobile devices. It sells these cables to distributors for $2.6000000000 each, while their variable costs are 72e per cable, and they have a fixed cost of $43000 to manufacture the cables. 1. What is the Contribution margin (in dollars)? 2. What is the profit function (without units using x as the number of cables sold)? 3. What is their projected profit or loss next month (in dollars), for which Samsung forecasts sales of 23241 cables? 4. What is the break even volume (without units)? For parts 1, 2, and 3, answer to the nearest cent. For part 4, answer to one decimal place (don't round up to the nearest whole unit). Answer: 1. Contribution margin = 2. Profit function: Profit= 3. Profit or loss = 4. Break even volume =
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Suppose consumers will purchase q units of a product at a price of 100/q+7 dollars per unit. What is the minimum number of units that must be sold in order that sales revenue be greater than $9000?
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