Contemporary Engineering Economics (6th Edition)
Contemporary Engineering Economics (6th Edition)
6th Edition
ISBN: 9780134105598
Author: Chan S. Park
Publisher: PEARSON
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Chapter 7, Problem 7P
To determine

Calculate the rate of return.

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Mountain Cycle specializes in making custom mountain bikes. The company founder, P. J. Steffan, is having a hard time making the business profitable. Knowing that you have great business knowledge and solid financial sense, P. J. has come to you for advice. J. would like you to determine how many bikes Mountain Cycle needs to sell per year to break even. Using Goal Seek in Excel, solve using the following by using the AYK24_Data.xlsx file Fixed cost equals: $ 70,000 Unit cost equals: $ 1,500 Bike price equals: $ 3,500 Requirement: 1.Goal Seek Create formula for break even Set up goal seek function
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Contemporary Engineering Economics (6th Edition)

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