How many books must be sold to break even

Assignment Help Basic Statistics
Reference no: EM131836183

M1_IND2. A start-up publishing company estimates that the fixed costs of its first major project will be $175,000, the variable cost will be $20 per book, and the selling price per book will be $28.

a) How many books must be sold to break even?

b) What is the total revenue at the break-even point?

c) If the publishers take a total of $60,000 in salary (what cost is affected?) - how many books must be sold to break even?

d) What is the total revenue for the break-even volume when the publishers take a total of $60,000 in salary?

Reference no: EM131836183

Questions Cloud

Find the 35th percentile of the lsat scores : The scores on the LSAT are approximately normal with mean of 150.7 and standard deviation of 10.2. Find the 35th percentile of the LSAT scores.
Standard deviation of that population data set : What is the range, mean, variance, and standard deviation of that population data set?
Discuss the impact of the various reimbursements : Discuss the impact of the various reimbursements (e.g., Medicare, Medicaid, private, or self-pay).
What do these 2 problems have in common : I have a calculated a descriptive statistics for the variable (coin) where each student flipped the coin 10 times. The mean is 4.886 and the standard
How many books must be sold to break even : a) How many books must be sold to break even? b) What is the total revenue at the break-even point?
Determine the critical issues identified by smaldino et al : Outline an Internet policy for your context in which you address each of the critical issues identified by Smaldino et al.
What makes home equity loan different from other loans : What are the ways the fund of funds create value. What makes a home equity loan different from other loans?
Create the probability model for situation : Create the probability model for this situation. Based on the model, is it worth playing? Please write the model and find the expected value.
Identify the psychotherapeutic approach that group is using : Identify the psychotherapeutic approach that the group facilitator is using, and explain why she might be using this approach.

Reviews

Write a Review

Basic Statistics Questions & Answers

  What is your expected value for a game where your

what is your expected value for a game where your probability of winning is 16 and you profit is four times your

  Difference between the two versions of the game

Blackjack is a popular casino game in which the objective is to reach a card count greater than the dealer's without exceeding 21.

  The mean number of animals in a forest of a certain variety

the mean number of animals in a forest of a certain variety is 40 and the standard deviation is 4. a random sample of

  What would be the probability of getting given numbers

If all 10 possible digits had the same probability, what would be the probability of getting a 1, 2, or 3?

  Confidence interval for the population mean donation amount

View the 989 donors in the donations database (out of 20,000 people represented on the companion site) as a random sample from a much larger population.

  Do seagulls show a preference for where land

Seagulls by the seashore Do seagulls show a preference for where they land? To answer this question, biologists conducted a study in an enclosed outdoor space.

  Consider a regression situation in which y hardness of

consider a regression situation in which y hardness of molded plastic and x amount of time elapsed since termination

  Compute and interpret the simple price index

a. Compute and interpret the simple price index for each product, using 2009 as the base year.

  Compute alpha and beta for a sample half the size

Assume that the result is a sample size beyond what you can obtain. Use the compromise function to compute alpha and beta for a sample half the size.

  Probability-caffeine consumption-hypertension

A study is conducted to assess the impact of caffeine consumption, smoking, alcohol consumption, and physical activity on risk of cardiovascular disease.

  Calculate the t value for independent groups for data

Draw the appropriate conclusions with respect to female and male human resource manager salary levels. Calculate the t value for independent groups for the following data.

  What are the hypotheses identify the test statistic

assume that a simple random sample has been selected from a normally distributed population and test the given claim.

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