It costs a publishing company $73,000 to make books. The $73,000 is a fixed cost or...
It costs a publishing company $73,000 to make books. The $73,000 is a fixed cost or a cost that cannot change. To help the publishing company sell the books, a marketing company charges $3 for each book sold. If the company charges $6 per book, how many books should they sell to break even?
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It costs a publishing company $73,000 to make books. The $73,000
is a fixed cost or...
A start-up publishing company estimates that the fixed costs of its first major project will be...
A start-up publishing company estimates that the fixed costs of its first major project will be $190,000, the variable cost will be $18, and the selling price per book will be $34. (a) How many books must be sold for this project to break even? (b) Suppose the publishers wish to take a total of $40,000 in salary for this project. How many books must be sold to break even, and what is the break-even point, in dollars?
M1_IND2. An online self-publishing company estimates that the fixed costs of its first major project will...
M1_IND2. An online self-publishing company estimates that the fixed costs of its first major project will be $41,800, the variable cost will be $18 per book, and the selling price per book will be $23.50. a) How many books must be sold to break even? b) What is the total revenue at the break-even point? c) If the editors take a total of $35,200 in salary (what cost is affected?) – how many books must be sold to break even?...
Book Publishing: You are the owner of a publishing firm and you have a new author...
Book Publishing: You are the owner of a publishing firm and you have a new author that you plan to publish. It is an action/espionage novel. You believe that the author has a good book, but it is her first book and you don’t really know what the sales numbers will look like. As such, you want to do a break even analysis to find out how many books you have to sell in order to get back your initial...
A publishing company sells 225,000 copies of certain books each year. It costs the company $1...
A publishing company sells 225,000 copies of certain books each year. It costs the company $1 to store each book for a year. Each time it must print additional copies, it costs the company 5500 to set up the presses. How many books should the company produce during each printing in order to minimize its total storage and setup costs? The company should produce books each printing in order to minimize costs.
A publishing company faces the following total cost and demand schedules: Books Price Total Cost $...
A publishing company faces the following total cost and demand schedules: Books Price Total Cost $ 0 - 10 1 10 12.5 2 8 14.5 3 7 16.0 4 6 17.0 5 5.2 19.0 6 3.5 21.5 7 2 25.0 a) Calculate the company’s fixed cost, average cost, and marginal cost. b) Calculate the Total Revenue, average revenue and marginal revenue. c) If the company wants to maximize profits, how many books should it sell? (Use MR = MC!) What...
1. Eastman Publishing Company is considering publishing a paperback textbook on spreadsheet applications for business. The...
1. Eastman Publishing Company is considering publishing a paperback textbook on spreadsheet applications for business. The fixed cost of manuscript preparation, textbook design, and production setup is estimated to be $160,000. Variable production and material costs are estimated to be $6 per book. The publisher plans to sell the text to college and university bookstores for $46 each. a. What is the model for cost and revenue, what is the breakeven point? b. What profit or loss can be anticipated...
Note: When entering answers in Blackboard, be sure to enter number of units as integers; always...
Note: When entering answers in Blackboard, be sure to enter number of units as integers; always round up units if they are not integers, costs/revenues/profits should be entered using two decimal places; losses should be entered as negative numbers. Be sure to format your cells in the Excel file to show two decimal places to determine if the value is an integer or not. M1 IND1. A firm is currently manufacturing and selling a product using Process X that has...
Sales price per unit Total Fixed Costs Variable cost per unit $45 $1,500,00 0 $30 How...
Sales price per unit Total Fixed Costs Variable cost per unit $45 $1,500,00 0 $30 How many units does the company have to sell to break even? How much of sales dollar does the company have to make to break even? The company targets to make $500,000 in profit. How many units does the company have to sell to make this target? (round to the nearest integer) Assume that the income tax rate is 20%. How many units does the...
1) At the break even point of 400 units, variable cost were $400 and fixed costs...
1) At the break even point of 400 units, variable cost were $400 and fixed costs were $200. how much will the 401st unit sold contribute to operating profit before income taxes? 2) Break even would not change if : a) sales price increases, b) fixed cost decrease, c) sales volume decrease, d) variable cost per unit increase 3) what is break even point in dollars? sales price: $100, variable cost per unit: $40, total fixed cost :$ 120,000 4)...
You manufacture office desks in your plant. The fixed costs for the plant is $20,000/year. The...
You manufacture office desks in your plant. The fixed costs for the plant is $20,000/year. The variable cost for each desk is $30. You sell the desks for $70. How many desks must you sell to break-even? if you want to make a profit of $10,000, how many desks must you sell? If the marketing department determines that the demand is 300 desks, how much would you have to charge to break-even?
A publishing company sells 225,000 copies of certain books each year. It costs the company $1 to store each book for a year. Each time it must print additional copies, it costs the company 5500 to set up the presses. How many books should the company produce during each printing in order to minimize its total storage and setup costs? The company should produce books each printing in order to minimize costs.
1. Eastman Publishing Company is considering publishing a paperback textbook on spreadsheet applications for business. The fixed cost of manuscript preparation, textbook design, and production setup is estimated to be $160,000. Variable production and material costs are estimated to be $6 per book. The publisher plans to sell the text to college and university bookstores for $46 each. a. What is the model for cost and revenue, what is the breakeven point? b. What profit or loss can be anticipated...
Note: When entering answers in Blackboard, be sure to enter number of units as integers; always round up units if they are not integers, costs/revenues/profits should be entered using two decimal places; losses should be entered as negative numbers. Be sure to format your cells in the Excel file to show two decimal places to determine if the value is an integer or not. M1 IND1. A firm is currently manufacturing and selling a product using Process X that has...
Sales price per unit Total Fixed Costs Variable cost per unit $45 $1,500,00 0 $30 How many units does the company have to sell to break even? How much of sales dollar does the company have to make to break even? The company targets to make $500,000 in profit. How many units does the company have to sell to make this target? (round to the nearest integer) Assume that the income tax rate is 20%. How many units does the...
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