Ingrid is planning to expand her business by taking on a new product that costs $6.21. In order to market this new product, $904.00 must be spent on advertising. The suggested retail price for the product is $11.33. Answer each of the following independent questions. (a) If a price of $14.54 is chosen, how many units does she need to sell to break even? (b) If advertising is increased to $1160.00, and the price is kept at $11.33, how many units does she need to sell to break even? (a) If a price of $14.54 is chosen, the number of units she needs to sell to break even is (Round up to the nearest whole number.) (b) If advertising is increased to $1160.00, and the price is kept at $11.33, the number of units she needs to sell to break even is (Round up to the nearest whole number.)
Ingrid is planning to expand her business by taking on a new product that costs $6.21. In order to market this new product, $904.00 must be spent on advertising. The suggested retail price for the product is $11.33. Answer each of the following independent questions. (a) If a price of $14.54 is chosen, how many units does she need to sell to break even? (b) If advertising is increased to $1160.00, and the price is kept at $11.33, how many units does she need to sell to break even? (a) If a price of $14.54 is chosen, the number of units she needs to sell to break even is (Round up to the nearest whole number.) (b) If advertising is increased to $1160.00, and the price is kept at $11.33, the number of units she needs to sell to break even is (Round up to the nearest whole number.)
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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Transcribed Image Text:Please let me know the answer for the blank.
3
Ingrid is planning to expand her business by taking on a new product that costs $6.21. In order to market this
new product, $904.00 must be spent on advertising. The suggested retail price for the product is $11.33.
Answer each of the following independent questions.
Ć
(a) If a price of $14.54 is chosen, how many units does she need to sell to break even?
(b) If advertising is increased to $1160.00, and the price is kept at $11.33, how many units does she need
to sell to break even?
C
Show Transcribed Text
(a) If a price of $14.54 is chosen, the number of units she needs to sell to break even is
(Round up to the nearest whole number.)
(b) If advertising is increased to $1160.00, and the price is kept at $11.33, the number of units she needs to
sell to break even is.
(Round up to the nearest whole number.)
Ingrid is planning to expand her business by taking on a new product that costs $6.21. In order to market this new
product, $904.00 must be spent on advertising. The suggested retail price for the product is $11.33. Answer each of the
following independent questions.
(a) If a price of $14.54 is chosen, how many units does she need to sell to break even?
(b) If advertising is increased to $1160.00, and the price is kept at $11.33, how many units does she need to sell to break
even?
Question content area bottom
(a) If a price of $ 14.54 is chosen, the number of units she needs to sell to break even is _. (Round up to the nearest
whole number.)
(b) If advertising is increased to $1160.00, and the price is kept at $11.33, the number of units she needs to sell to break
even is. (Round up to the nearest whole number.)
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