LMN Corporation produces and sells widgets. They sell widgets by thebox for $80 per box. It costs them $2000 per month for rent, utilities, andequipment at their widget production facility. They pay one of theirmanagers an extra $850 a month to oversee widget production on top ofher regular duties. It costs $7 for raw materials and $16 in labor toproduce each box of widgets. What is LMN Corporation's profit (in dollars) if they sell 150 boxes of widgets? (Typethe number in the space below.)

Answered: Image /qna-images/answer/0ee61b33-adf8-4867-a6a2-f675a5911ad2.jpg

Answered: LMN Corporation produces and sells…

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

See similar textbooks

Similar questions

The Metropolitan Company sells its latest product at a unit price of $8. Variable costs are estimated to be 40% of the total revenue, while fixed costs amount to $7,800 per month. How many units should the company sell per month to break even, assuming that it can sell up to 5,000 units per month at the planned price? units
K William opened two investment accounts. The first year, these investments, which totaled $2800, yielded $167 in simple interest. Part of the money was invested at 6.5% and the rest at 5%. How much was invested at each rate? RETSE was invested at 6.5%, and $ was invested at 5%.
Overall Costs of Goods. An operation’s beginning inventory on October 1st was valued at $54,000. Purchases for the month of October totaled $125,000. The ending inventory on October 31st was valued at $58,000. What was the overall cost of goods for the month of October?
Dyson makes the V11 Cordless vacuum for $250 each plus fixed costs of $6,000,000 per month. They sell the vacuum for $450 and can produce up to 150,000 vacuums per month. How many vacuums do they need to sell to breakeven?
About 1/3 of Samuel’s paycheck goes to housing, 1/6 goes to utility bills, 1/8 goes for his car, and 1/5 goes for food. How much of his paycheck is left for entertainment?
The Callaghan family owns 410 acres of farmland in Co. Cork on which they grow wheat and oats. Each acre of wheat costs €105 to plant, cultivate, and harvest; each acre of oats costs €210. The Bradleys have a budget of €52,500 for next year. The government limits the number of acres of oats that can be planted to 100. The profit from each acre of wheat is €300; the profit from each acre of oats is €520. The Callaghans want to know how many acres of each crop to plant in order to maximize their profit. iii. Represent the problem in graphical format and highlight the feasible region.
Mila invested $6,700 and put it in two accounts. She put some in a money market account that earned 1 1/2 % simple interest and she put the rest in a certificate of deposit (CD) that earned 2 3/4% simpleinterest. At the end of the first year she earned a total of $149.25 in interest. How much did she depositin each account?
Cliff runs a restaurant in a small town known for its theatres and tourist attractions. Cliff charges an average of $18 per meal. He estimates his variable costs to be $6 per meal and fixed costs are $12,000 per month. Cliff has the capacity to serve 2000 meals per month. At 75% capacity, what is Cliff's net income?
an artist makes three types of ceramic statues( large, medium and small) at monthly cost of $880 for 250 statues. the manufacturing costs for the three types are $5,$4,$3. if the statues sell for $26, $18, and $15, respectively, how many of each type should be made to produce $4,240 in monthly revenue Large ? Medium ? Small ?
both sheets are for the same problem.
Janus owns a small bakery that specilaize in 3 layer cakes dcorated with roses.He employs marcisa and annie.Each month janus wants to make $4000 and he would pay his two employees $3000 each.the fixed cost of rent etc.is $5400/month.They sell the cakes for $50 each and the cost of making each cake is $15. Recall that profit is revenue-cost.Revenue is selling prices times items made.and cost is fixed cost plus the cost of each item times the number of items

Recommended textbooks for you

Advanced Engineering Mathematics

Advanced Math

ISBN:

9780470458365

Author:

Erwin Kreyszig

Publisher:

Wiley, John & Sons, Incorporated

Numerical Methods for Engineers

Advanced Math

ISBN:

9780073397924

Author:

Steven C. Chapra Dr., Raymond P. Canale

Publisher:

McGraw-Hill Education

Introductory Mathematics for Engineering Applicat…

Advanced Math

ISBN:

9781118141809

Author:

Nathan Klingbeil

Publisher:

WILEY

Advanced Engineering Mathematics

Advanced Math

ISBN:

9780470458365

Author:

Erwin Kreyszig

Publisher:

Wiley, John & Sons, Incorporated

Numerical Methods for Engineers

Advanced Math

ISBN:

9780073397924

Author:

Steven C. Chapra Dr., Raymond P. Canale

Publisher:

McGraw-Hill Education

Introductory Mathematics for Engineering Applicat…

Advanced Math

ISBN:

9781118141809

Author:

Nathan Klingbeil

Publisher:

WILEY

Mathematics For Machine Technology

Advanced Math

ISBN:

9781337798310

Author:

Peterson, John.

Publisher:

Cengage Learning,

Basic Technical Mathematics

Advanced Math

ISBN:

9780134437705

Author:

Washington

Publisher:

PEARSON

Topology

Advanced Math

ISBN:

9780134689517

Author:

Munkres, James R.

Publisher:

Pearson,

SEE MORE TEXTBOOKS