What is the minimum price

Assignment Help Business Economics
Reference no: EM133130893

Bill plans to open an independent cell phone retailer. He has found a good supplier that will sell him basic cell phones for $45 each. Because of his location and marketing, he expects to sell 400 cell phones a month, on average. The fixed costs for his store are $4,000 per month. What is the minimum price for which he can sell the cell phones in order to breakeven?

Please solve with excel only.

Reference no: EM133130893

Questions Cloud

Journalize the transactions : Journalize the transactions - Issued 10,000 shares for equipment having a $650,000 asking price. The stock had a market value of $70 per share
Why a ppo plan with coinsurance has a higher premium : What are the three main reasons why a PPO plan with 10% coinsurance has a higher premium than a PPO plan with 25% coinsurance?
Describe the transfer pricing concept : In dealing with the corporate business process, taxes are always an issue. Please describe the transfer pricing concept
Complete the adjustments and the adjusted trial balance : A count of office supplies showed that there was $410 remaining in the office. Complete the adjustments and the adjusted trial balance
What is the minimum price : Bill plans to open an independent cell phone retailer. He has found a good supplier that will sell him basic cell phones for $45 each.
How ethics would be a dominant factor for marketing : How ethics would be a dominant factor for marketing? Give two examples?
What is the outcome variable of interest : What is the outcome variable of interest and how would you characterize the "treatment"?
What is the amount of bad debt expense : Uncollectible amounts are expected to be 5% of outstanding accounts receivable at the end of 2021. What is the amount of bad debt expense
Develop the queries and reports to provide data insights : What business question does the result answer? E.g. how many staff have more than one laptop? How will the business use the output of this query

Reviews

Write a Review

Business Economics Questions & Answers

  One-half of the money in a college fun for their child

A family that won a $100,000 prize on America’s Funniest Home Videos decided to put one-half of the money in a college fun for their child who was responsible for the prize. If the fund earned interest at 6% per year, how much was in the account 14 y..

  Central factor in africa continued poverty

What would you say to someone who says a lack of leadership is the central factor in Africa's continued poverty compared to the rest of the world?

  Particular kind of approach to multi-national business

What criticisms have been made of these approaches to global business? What are the strengths and weaknesses of these arguments?

  Some of the relevant costs and benefits

If Maeki asserts a legal claim, he will face additional decisions in trying to resolve the dispute. Here are some of the relevant costs and benefits:

  Fixed income division of an investment bank

Suppose you are an analyst working for the fixed income division of an investment bank. The goal of your department is to realize capital gain (besides interest

  Calculate the profit maximizing quantity

A monopoly faces the following demand curve: Q(P) = 7,084 -77P Its total cost function is: C(Q) = $9948 + $56Q Calculate the profit maximizing quantity

  The market supply curve slopes upward

The market supply curve slopes upward because:

  Will the effects on the level of equilibrium real GDP

Assume there is an increase in autonomous investments of $100 billion. Will the effects on the level of equilibrium real GDP be greater with a relatively high or relatively low marginal propensity to consume? Explain.

  Does each firm have a dominant strategy and what

From Strategy A if the second firm reacts with strategy D. On the other hand, firm 1 may follow strategy B which could return profits of $8mil. Or $9mil. If firm 2 reacts with strategy C or D respectively.

  How much money will the company

How much money will the company give the lender at the end of the year?

  Discuss the opportunity costs of natural disasters

You are standing in line. Think about what you would be doing if you are not in this line. The alternatives are infinite and computing the cost of them all is impossible. Discuss the opportunity costs of natural disasters. Calculate (in $$$) your opp..

  Suppose the inverse demand for coal is estimated

Suppose the inverse demand for coal is estimated to be P = 75 - 0.6Q, whereP is the price of coal and Q is the quantity demanded. The supply of coal is given by P = 0.3Q. Graph inverse demand and inverse supply. Calculate and show graphically the pri..

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