There is a monthly profit objective of $17,000 for Ricky's Repair Shop. 60 percent of for by variable expenditures, while the monthly fixed cost is $8,000 per month. Requirements Foreach month, calculate the shop's profit margin in dollars. Ricky's safety margin is expressed as a percentage of sales targets.

There is a monthly profit objective of $17,000 for Ricky's Repair Shop. 60 percent of for by variable expenditures, while the monthly fixed cost is $8,000 per month. Requirements Foreach month, calculate the shop's profit margin in dollars. Ricky's safety margin is expressed as a percentage of sales targets.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Similar questions

Calculate total profit when total revenue is $9000 and the total cost is $8700
The following figure represents the Marginal Abatement Cost curves of two paper towel factories: Unbleached Factory, Number 1 and Bleached Factory, Number 2 in the figure. Their MAC functions are: MAC1 = 61.5E1 and MAC2 = 6 -0.75E2 E1 and E2 are the emissions of the two firms in tonnes.
If total revenue is $550 and price per unit is $55 What is the value of output sold?
A fruit stand owner rents a stall at the market for $255$⁢255. Each month, the owner spends $295$⁢295 for an accountant’s services and $695$⁢695 on fresh fruit. The fruit stand sells 135135 kilograms of fruit monthly at a price of $8$⁢8 per kilogram. Step 1 of 2: Calculate the fruit stand’s profit or loss. Write the exact answer; do not round. Use a minus sign to show losses if necessary.
Quality solution for better ratings please
please solve it on a paper
Is Fuel a variable, fixed or overhead cost?
Q55
Find profit level of total revenue is $2490 and total cost is $2100
Price and cost (dollars per client) 100.00 90.00 MC 80.00 ATC 70.00 60.00 50.00 40.00 30.00 20.00 10.00 D MR + 4 8 10 Quantity (clients per day) 2.
A small factory produces a small toy with a fixed cost of S10,000month. If the factory manager wants to have a profit of $2 per unit, the revenue is $15unit and variable cost is $5/unit what is quantity to achieve this profit?
Consider the following data on a firm: Number of Units Sold Total Revenue (£'s) 10 20 30 40 50 60 70 100 180 240 280 300 300 280 Fixed Costs are £100, Variable costs are constant at £3 per (i) Write a table showing the price and quantity sold. (ii) Calculate the profit maximising output of the firm (iii) What are the profits at the profit maximising output? (v) unit produced. (iv) What is the average variable cost at the profit maximising output? What is the arc price elasticity of demand between 40 and 50 units?