Determining decision modeling

Reference no: EM1395189

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?

Reference no: EM1395189

Questions Cloud

Find the probability for child blood group : In a particular squash plant, white fruit is dominant to yellow fruit.A white fruited plant is crossed to a yellow fruited plant.Whe the seeds from this cross are planted.

Difference in the average waiting time between two shops : Using a 1% level of significance, can we say that there is a difference in the average waiting time between the two shops? Find the critical value(s).

Statistical inference to business decision scenarios : The manager of the Gander Mountain store in Frogtown, IL, believes that his prices for ammunition are lower than the prices of his primary competitor in the hunting equipment market, Cabela's.

P-value for the sample test statistic : Find the P value or an interval containing the P value for the sample test statistic.

Determining decision modeling : 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.

How research method in psychology advantageous : Research Design: Prepare the own research design. Follow outline below and explain each step. Write down concluding paragraph explaining how the research method in psychology advantageous for you today.

Standard deviation of the mean : The lifetimes of light bulbs of a particular type are normally distributed with a mean of 370 hours and a standard deviation of 5 hours. What percentage of bulbs has lifetimes that lie within 1 standard deviation of the mean on either side?

Understanding business and technical writing prompt : Understanding my Business and Technical Writing prompt, writing and informal investigaive report on "standard business practices or important trends in your field of interest and draw conlcusions as to what these trends mean for, or represent in, y..

Computing e-value of distribution : A person runs one mile to his house as fast as he can. It is equally likely that he will run at an average speed of 3 miles per hour, 6 miles per hour, and 9 miles per hour.

User Account

All Pages