Answered: ) To make a profit they must sell at…

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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Question

OHaganBooks.com generates revenue through it o'Books e-book service. Author royalties and copyright fees cost the company $5 per novel, and the monthly cost of operating and maintaining the service amounts to $446. The company is currently charging customers $8 per novel.

Find the associated cost, revenue, and profit functions and use them to determine how many novels must be sold in order to make a profit. (Hint: If the break-even is where they make no profit, you must round up to make a profit.)

To make a profit they must sell at least:

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