Finding total cost-total revenue-and profit

Assignment Help Basic Statistics

Reference no: EM1320583

Q1) Willow Furniture Company produces tables. Fixed monthly cost of production is= $8,000, and variable cost per table is= $65. Tables sell for $180 apiece.

a) For monthly volume of 300 tables, find out total cost, total revenue, and profit.

b) Find out the monthly break-even volume for Willow Furniture Company.

Q2) Owner of Western Clothing Company has found out that company must sell 670 pairs of denim jeans each month to break even (i.e., to reach point where total revenue equals total cost). Company's marketing department has estimated that monthly demand is normally distributed, with mean of 805 pairs of jeans and standard deviation of 207 pairs. Determine the probability that company will make a profit each month?

Reference no: EM1320583

Questions Cloud

Examining the financial events : Write a 750-1,000-word analysis examining the financial events surrounding Bernie Madoff, and the events surrounding ENRON.

Find the probability : Find the probability

Html and javascript : Write down the HTML and JavaScript: A 3x3 2D array: Arrays can have anything, even other arrays. In the JavaScript, 2D arrays are assigned with the single array, where each element consists of an array.

What is the probability of the following card hands : What is the probability of the following card hands from a 52 card deck. In poker, aces are either high or low. A bridge hand is made up of thirteen cards.

Finding total cost-total revenue-and profit : For monthly volume of 300 tables, find out total cost, total revenue, and profit.

Population mean weight of non-athletic men : Can we conclude at the 5% significance level that the population mean weight of athletic men is lower than the population mean weight of non-athletic men?

Recognizing the error in code : Suppose that the variable A is an arrays of ints. Take the following code segment:Boolean flag = false;

Finding annual break-even volume : Find out annual break-even volume for the Rolling Creek Textile Mill.

Hypothesis testing for two independent sample : At the 5% level of significance, can we infer that the population mean weight of athletic men is lower than the population mean weight of non-athletic men by more than 2 pounds?

User Account

All Pages