In "Break-Even Analysis", explain what is meant by the BREAK-EVEN POINT andthen SHOW THE WORK (including the solution x =is for the following: Suppose a Fire Pit Company sells its entry-level of fire pit for$190. The cost of producing each grill is $150, and the set costs per month are$5440.#) for what the break-even point

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Answered: In "Break-Even Analysis", explain what…

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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Given fixed costs of $37400, variable costs of (4x/9+333)and selling price in dollars per unit of (1467-5x/9), what is the break even point? what is the maximum revenue
Suppose stock A is priced at $30/share and the company will pay a dividend of $0.30/share after two months. An investor purchases 100 shares of A and invests all dividends received at a continuosuly compunded risk-free rate of 5%. After 3 months the stock is sold when the price is $35.40/share. Calculate the 3-month profit.
Suppose a person has a total credit card debt of $600 that has a 18% yearly interest rate. This person also has a savings account with $1,500 that pays 3% interest per year. Despite the net loss, the person keeps both. Calculate how many times the person appreciates the $1 of savings more than $1 of credit card debt if the person relates similarly to both values of percent paid and received. Enter your answer in the box below and round to two decimal places if necessary.
J.W. Electronics sells one of its 27-inch screen TV’s for $300. The fixed cost for producing this type of TV is $125 000. The variable cost per unit is $175 d. How many more TVs (% increase) must J.W. Electronics sell to make a profit of $62,500 if it decides to reduce its sales price to $275? Show your calculations. Only list the incremental % increase in the final input cell. e. Assume that J.W. Electronics decides to reduce its selling price to $275, but that one of its suppliers then increases the cost of the glass to make TV screens by $10 per TV. More bad news: the landlord increases the rent for J.W.’s office space by $5,000. Based on these two developments, what is the company’s new break-even point in units? Show your calculations.
6. A farmer would like to create a rectangular pen to raise rabbits. The fencing for the north and south sides of the pen cost $25 per metre, and the fencing for the east side costs $40 per metre. No fencing is required on the west side because the pen is to be build along the side of the barn. The farmer has a budget of $750 for the project. What dimensions would maximize the area of the pen? Round off to one decimal place if necessary. Ignore interval endpoints for this question.
Espresso Express operates a number of espresso coffee stands in busy suburban malls. The fixed weekly expense of a coffee stand is $1,400 and the variable cost per cup of coffee served is $0.61. Required: 1. Fill in the following table with your estimates of the company's total cost and average cost per cup of coffee at the indicated levels of activity. 2. Does the average cost per cup of coffee served increase, decrease, or remain the same as the number of cups of coffee served in a week increases?
Question 12. A homeowner wants to fence in a garden along the side of her house so she will only need fencing for three sides of the garden. The cost of fencing is $7 per foot and she needs to enclose 288 square feet. What is the minimum cost of the fencing?
Bose International Inc. had total revenue of $92,150 last year. Its total variable costs and fixed costs for the period were $22,850 and $22,700, respectively. Compute the break-even point in sales dollars. Sales at Break-even: $ (Round off to the nearest cent)
Mr. Smith is 35 years old. He has the following 2 goals: First goal: To retire when he is 60 years old. He expects to live up to 80 years old. He projects his annual retirement spending to be $200,000 in today's value. He will withdraw the annual spending at the beginning of each year when he retires. Second goal: To leave an amount of $5,000,000 to his son when he passes away when he is 80 years old. He has set up an investment account for the above2 goals a few years ago. Currently, there is $400,000 in that investment account. The rates of return for the investment account are expected to be 4% p.a. before he retires and 3% p.a. after his retires. If inflation rate is expected to be 2% p.a., how much should he save at the end of each year from now until he retires to achieve his goals?
Between 2010 and 2016, the average rate of inflation was about 1.6% per year. If a cart of groceries cost $100 in 2010, what will it cost in 2025, assuming the rate of inflation remains constant at 1.6%?
A firm produces headphones in two qualities, Basic (B) and Premium (P). For the coming year, the estimated quantity produced of B is 60% higher than that of P. The firm makes a markup of 170% on both products. The ratio between the profits per unit between P and B is 2. The cost price for P is $260. If the profit target is $115 362 over the next year, how much of each of the two qualities must be produced and what are the two selling prices? (Round the quantities to the nearest unit and the prices to 2 digits after the decimal point if needed) Quantity of B = Answer units Quantity of P = Answer units Selling price of B = Answer $ Selling price of P = Answer $
Let’s assume that in Kansas, a family farmer sells wheat in a perfectly competitive market. After increasing the production of wheat from 220 bushels to 240 bushels, the total revenue of the farmer increases from $6,600 to $6,700. What was the marginal revenue of this increase in production in dollar?

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