Breakeven point for monthly sales of the houses

Assignment Help Basic Statistics
Reference no: EM132483638

Write the monthly cost function c (x), revenue function r (x), and profit function p (x).

Answer IF

c (x) = variable cost + fixed cost = 220,000x + 900,000

r (x) = 400,000x

1. What is the breakeven point for monthly sales of the houses?

2. What is the monthly profit if 12 houses are built and sold per month?

Reference no: EM132483638

Questions Cloud

Confidence interval to estimate the population mean : The sample mean is 4.5 meals per week with a sample standard deviation of 2.1. Construct a 99% confidence interval to estimate the population mean.
Confidence interval to estimate proportion of all us adults : Construct a 95% confidence interval to estimate the proportion of all U.S. adults who get a physical
What is the free cash flow : What is the free cash flow for 2016? Enter your answer in millions. For example, an answer of $1.2 million should be entered as 1.2
What is the effect of the change on cost of goods sold : using the new FIFO method but would have been $147,000 if the company had continued to use LIFO. What is the effect of the change on 2021 cost of goods sold
Breakeven point for monthly sales of the houses : Write the monthly cost function c (x), revenue function r (x), and profit function p (x).
Confidence the number of accounts that must be sampled : You work for a research firm that has been contracted to estimate the mean interest on credit card debit in 2019. Past studies have shown the standard deviation
What was the manufacturer markup on selling price : Retailer selling price of a printer is $600 and Retailer Markup on selling price = 25%. What was the manufacturer markup on selling price
Problem - Demand-related Pricing Calculations : Problem - Demand-related Pricing Calculations. If the new quantity sold per month were 800 (instead of 1000), what would be the price elasticity of demand
Determine the dollar amount of dividends : Use this information to determine for 2018 the dollar amount of dividends that will be distributed per Common Share. Round answer to closest cent

Reviews

Write a Review

Basic Statistics Questions & Answers

  Opinion about different question of human interest each day

If you connect to the Web site zdaily.com/polls.htm, you will be given the opportunity to give your opinion about a different question of human interest each day.

  Compute probability that flight depart late or arrives early

Calculate the probability that a flight will depart early or on-time. Calculate the probability that a flight will arrive late. Calculate the probability that a flight departs late or arrives early.

  Suppose a point xy is chosen at random from the disk x2 y2

suppose a point xy is chosen at random from the disk x2 y2 is less than and equal to 1. find the a marginal density of

  What is the probability that printer a is involved

Your program is destroyed when a printer jams. What is the probability that printer A is involved? printer B is involved? printer C is involved?

  Using the seasonally adjusted call volume

Mark Lawrence-the man with two first names-has been pursuing a vision for more than two years. This pursuit began when he became frustrated in his role as director of human resources at Cutting Edge, a large company manufacturing computers and com..

  What is the z-score for this sample mean

A sample of n = 16 scores is selected from a population with µ = 60 and s = 24. If the sample mean is M = 66, what is the z-score for this sample mean?

  Britain and france drew on colonial troops

Both Britain and France drew on colonial troops to fight on many different front of the war. how important was Africa in the great war.

  Why is the repeated measures anova usually a more sensitive

why is the repeated measures anova usually a more sensitive test of the relationship between the independent and

  Depict possible values of the random variables x and y

In Figure 4.2, the axes of the figures are labeled X and Y because the figures depict possible values of the random variables X and Y. However, the figure at the end of Example 4.1 depicts PX,Y (x, y) on axes labeled with lowercase x and y. Should ..

  If x is a binomial random variable where n100 and p1 find

if x is a binomial random variable where n100 and p.1 find the probability that x is less than or equal to 12 using the

  Probability adults are chosen are in excellent health

Among 12 adults randomly selected from this area, only 3 reported that their health was excellent. Find the probability that when 12 adults are randomly selected, 3 or fewer are in excellent health.

  Nature of relationship between the two variables

Plot these data and comment on the nature of relationship between the two variables under consideration - find correlation between (X, Y).

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd