You make Fidget Spinners that you can sell for $6.50 each. The materials that go into each fidget spinner include ball bearings ($1.25/unit), and plastic ($0.15/unit). Your other costs are as follows: $0.10/unit of injection molding costs You pay your little brother 5% commission on each unit he sells. $100 per month for a social media advertising campaign $3600 per year that your parents are charging you to use the garage $3000/month to cover the salaries for you and two of your best friends who are all equal partners in this business. Because you are using the garage, you are also required to purchase car covers upfront for each of your parent's cars. This totals $750. You also need to purchase injection molds for $1500. What is the minimum number of Fidget Spinners you must sell per month to breakeven?

You make Fidget Spinners that you can sell for $6.50 each. The materials that go into each fidget spinner include ball bearings ($1.25/unit), and plastic ($0.15/unit). Your other costs are as follows: $0.10/unit of injection molding costs You pay your little brother 5% commission on each unit he sells. $100 per month for a social media advertising campaign $3600 per year that your parents are charging you to use the garage $3000/month to cover the salaries for you and two of your best friends who are all equal partners in this business. Because you are using the garage, you are also required to purchase car covers upfront for each of your parent's cars. This totals $750. You also need to purchase injection molds for $1500. What is the minimum number of Fidget Spinners you must sell per month to breakeven?

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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