The Best Taste ice cream company has a weekly fixed cost of $ 325 and a cost of $1.5 per cup. The cups of ice-cream are sold for $4. i) Find the cost and revenue functions. ii) How many cups must be sold for break-even? What is break even revenue? iv) The maximum number of cups per week is 100. Is this a profitable business? Explain

The Best Taste ice cream company has a weekly fixed cost of $ 325 and a cost of $1.5 per cup. The cups of ice-cream are sold for $4. i) Find the cost and revenue functions. ii) How many cups must be sold for break-even? What is break even revenue? iv) The maximum number of cups per week is 100. Is this a profitable business? Explain

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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