Covers book store showed the following operating budget for next year: Sales were $1942217, t Fixed cost was $450000, Total Variable Cost was$1210000, Tota Cost was $1750000. If the store wants to reduce the copies and make the book on-demand whic

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
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Covers book store showed the
4
following operating budget for
next year: Sales were $1942217, the
Fixed cost was $450000, Total
Variable Cost was$1210000, Total
Cost was $1750000. If the store
wants to reduce the copies and
make the book on-demand which
decreases the variable cost by
10% and decreases the fixed cost
by 120000 but increases revenue
by 15% What will it take to break
even? (include two decimal places)
Transcribed Image Text:Covers book store showed the 4 following operating budget for next year: Sales were $1942217, the Fixed cost was $450000, Total Variable Cost was$1210000, Total Cost was $1750000. If the store wants to reduce the copies and make the book on-demand which decreases the variable cost by 10% and decreases the fixed cost by 120000 but increases revenue by 15% What will it take to break even? (include two decimal places)
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