Question regarding profit functions

Assignment Help Accounting Basics
Reference no: EM13116167

Crystal Images is a manufacturer of collectible statues. The price per statue at which x statues can be sold in a month is given by p(x)= 655 - 10x dollars. The monthly cost of producing x statues is C(x) = 4800 + 100x dollars. Assume that 0<- x <- 50. (**the <- sign is the greater than or equals to sign, Im not sure how write it on the computer.**)

Determine the number of statues that must be sold in order to have a profit of at least $2000. Show all supporting work (graphs, etc.).

Reference no: EM13116167

Questions Cloud

Information of selling price of bonds : The $1,000 face value bonds issued by the Springfield Fabrication Corporation are perceived by investors as being less attractive than other bonds sold by other businesses ate the same time.
Find confidence interval of mean number of er patients : Find the 95% confidence interval of the mean number of ER patients treated each day in the hospital if the standard deviation is 8 instead of 4.
Illustrate what does the scale read during the acceleration : Starting from rest, the elevator accelerates upward. During the acceleration, the hoisting cable applies a force of 9300 N. Illustrate what does the scale read during the acceleration?
Describe how the water vascular system functions : Describe how the water vascular system functions. What is the benefit of this adaptation for these animals?
Question regarding profit functions : Determine the number of statues that must be sold in order to have a profit of at least $2000. Show all supporting work (graphs, etc.).
Illustrate what should be the magnitude of vector p : The coefficient of kinetic friction is 0.350. Illustrate what should be the magnitude of vector P , so that the net work done by it and the kinetic frictional force is zero?
How are an ionic bond and a covalent bond different : How are an ionic bond and a covalent bond different? Give an example of a compound that exhibits ionic bonding and an example of a compound that exhibits a covalent bond.
How market affected in terms of prices and quantities : With use of a graph, explain how these two programs affect cigarette consumption and explain the combined effect of these two programs on the price of cigarettes.
Find out the speed of the mass at points b and c : When it passes point A, its velocity is 3.5 m/s directed as shown. The distance AP is 0.6 m and BP is 1.0 m. Find out the speed of the mass at points B and C.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Methods of accounting for treasury stock

What are the two methods of accounting for treasury stock? Prepare the journal entry to record the purchase of treasury stock by the cost method.

  Finding the balance in right-of-use asset

Warren Co. recorded a right-of-use asset of $900,000 in 8-year lease under which no profit was recorded at commencement by lessor-The balance in right-of-use asset after 2 years will be:

  Decision problem of lakewood fashions

Lakewood Fashions must decide how many lots of assorted ski wear to order for its three stores. Information on pricing, sales, and inventory costs has led to the following payoff table, in thousands.

  Arantxa corporation-equity securities journal entries

Make the journal entries to record the above three securities purchases. Make the journal entry for the security sale on May 20. Compute the unrealized gains or losses and prepare the adjusting entry for Arantxa on December 31, 2008.

  Compute accounting bad debts

Determine the effect on EZ's accounting equation relative to the sale, collections, and write-offs of accounts receivable during 1007. What is the net realizable value of accounts receivable on December 31, 2007, under each assumption in part (2)?

  Tax reduction amount for donation

Allison is the sole shareholder of Destiny Corporation, which operates a travel agency for business travelers. Allison would like the corporation to donate some used computers to a local private school dedicated to the education of young ladies.

  Eight steps for accounting cycle

What are the eight steps in the accounting cycle and how do they affect the financial statements? What happens if one is missing?

  Information about present worth analysis

Two methods can be used for producing expansion anchors. Method A costs $80,000 initially and will have a $15,000 salvage value after 3 years.

  Journal entries for general fund of city of buffalo falls

The following transactions relate to the general fund of the City of Buffalo Falls for the year ended December 31, 2012: Prepare journal entries for transactions.

  Changes in income and price of goods

Suppose a consumer has a daily income of $100 and purchases just two goods A and B.  The price of good A is $5 and the price of good B is $4.

  Nonmonetary exchanges for garrison construction

During the current year, Garrison Construction trades an old crane that has a book value of $80,000 (original cost $140,000 less accumulated depreciation $60,000) for a new crane from Keillor Manufacturing Co. the new crane cost Keillor $165,000 t..

  Journal entry of uncollectible accounts

Sullivan Co.'s accounts receivable show the following balances by age: Prepare the adjusting journal entry.

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