The Warren Watch Company sells watches for $22, fixed costs are $145,000, and variable costs are $11 per watch. a. What is the firm's gain or loss at sales of 7,000 watches? Loss, if any, should be indicated by a minus sign. Round your answer to the nearest cent. $ What is the firm's gain or loss at sales of 18,000 watches? Loss, if any, should be indicated by a minus sign. Round your answer to the nearest cent. $ b. What is the break-even point (unit sales)? Round your answer to the nearest whole number. units A c. What would happen to the break-even point if the selling price was raised to $33? -Select- d. What would happen to the break-even point if the selling price was raised to $33 but variable costs rose to $27 a unit? Round your answer to the nearest whole number. -Select-

The Warren Watch Company sells watches for $22, fixed costs are $145,000, and variable costs are $11 per watch. a. What is the firm's gain or loss at sales of 7,000 watches? Loss, if any, should be indicated by a minus sign. Round your answer to the nearest cent. $ What is the firm's gain or loss at sales of 18,000 watches? Loss, if any, should be indicated by a minus sign. Round your answer to the nearest cent. $ b. What is the break-even point (unit sales)? Round your answer to the nearest whole number. units A c. What would happen to the break-even point if the selling price was raised to $33? -Select- d. What would happen to the break-even point if the selling price was raised to $33 but variable costs rose to $27 a unit? Round your answer to the nearest whole number. -Select-

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter21: Supply Chains And Working Capital Management

Section: Chapter Questions

Problem 10MC

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