4 only. 4. L5. [If the profit function for a firm is given by P(x) = -2600 + 150x - x² and limitations on space require that production be less than 100 units, find the break-even points. (Enter your answers as a comma-separated list.)X =unitsThe owner of a skating rink rents the rink for parties at $700 if 50 or fewer skaters attend, so that the cost per person is $14 if 50 attend. For each 5 skaters above 50, she reduces the price per skater by $0.50.(a) Construct a table that gives the revenue generated if 50, 55, and 70 skaters attend.No. of skatersTotal Revenue505570=Price perSkater$$$(b) Does the owner's revenue from the rental of the rink increase or decrease as the number of skaters increases from 50 to 70?O The revenue increases.O The revenue decreases.(c) Write the equation that describes the revenue for parties with x groups of five skaters more than 50 skaters.R(x)(d) Find the revenue when 150 skaters attend.$

Break even point In production, the break even point is the quantity that causes profit/loss to be…

Answered: If the profit function for a firm is…

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter14: Capital Structure Management In Practice

Section14.A: Breakeven Analysis

Problem 7P

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2. lle Patrice has just graduated university and is thinking about opening "Surf Shop" to sell surfboards. Basic surfboards are manufactured by a local company and the cost to purchase each surfboard is $350. Patrice plans to paint a scene on each surfboard himself so that each surfboard is unique. The estimated cost for paint and supplies is $50 per unit and the labor cost for painting the scene is zero. Pat estimates that each unique surfboard can sell for $1,000.00. Other costs include rent for the shop of $24,000 annually and advertising of $16,000 annually. Patrice also plans to hire a full- time manager at an annual salary of $80,000. Required: You must show all your calculations in order to get marks. If you provide the answer only you will not receive any marks. 1. What is the contribution margin per unit in $$. What is the contribution margin ratio? re to search cer

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If the profit function for a firm is given by P(x) = -2600 + 150x-x² and limitations on space require that production be less than 100 units, find the break-even points. (Enter your answers as a comma-separated list.) units x =