How many cds does smitty need to sell in order to break even

Assignment Help Business Management

Reference no: EM133514479

Assignment:

Help solve for the following:

ASSIGNED PROBLEM 1: Mikey W. Smitty, an emerging musician, is getting ready to cut his first CD. The cost of recording the CD is $3,000 but copies cost $2 apiece and the CDs can be sold for $17 each.

a) How many CDs does Smitty need to sell in order to break even?

b) What is his profit or loss if he happens to sell exactly 170 CDs?

Reference no: EM133514479

Questions Cloud

How students with adhd struggle in school or the side : There are trends within these topics if you can find how those topics are evolving. Avoid writing a general overview of how students with ADHD struggle

Awareness and understanding of ethical issues : Why do more professional accountants not report ethical wrongdoing? Consider their awareness and understanding of ethical issues, as well as, the motivation

Client execute valid retainer agreement : An attorney and a client execute a valid retainer agreement that automatically renews from year to year.

Describe some element of change : Describe some element of change that you have personally experienced. How did you deal with the change?

How many cds does smitty need to sell in order to break even : How many CDs does Smitty need to sell in order to break even? What is his profit or loss if he happens to sell exactly 170 CDs?

Development of american business : Has the Constitution played a key role in the development of American Business be sure to explain your answer.

Importance of incorporation to the shareholders : What is the importance of incorporation to the shareholders? Outline the reasons that may lead to suspension of promoters by a company.

Identify a local food bank : Research and identify a local food bank or organization to collaborate with for the food drive.

Describe the role that courts and incarceration have : Describe the role that courts and incarceration have in reducing recidivism. Please include at least one quote and one peer-reviewed source

User Account

All Pages