Question: It is April 15, and so far this month, we have sold $35,000 worth of merchandise. Our quota is to sell $72,500 worth of units

It is April 15, and so far this month, we have sold $35,000 worth of merchandise. Our quota is to sell $72,500 worth of units in April. If we charge a price p for our product, we will sell 800 – 4p units during the rest of the month. What price would enable us to meet our April revenue quota?

Step by Step Solution

★★★★★

3.44 Rating (160 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

Lets first find out how much more revenue we need to generate to meet our quota The quota is 72500 a... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Microsoft Excel Data Analysis 7th Questions!

The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...

Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...

Read the case study "Southwest Airlines," found in Part 2 of your textbook. Review the "Guide to Case Analysis" found on pp. CA1 - CA11 of your textbook. (This guide follows the last case in the...

It is April 15, and so far this month we have sold $35,000 worth of merchandise. Our quota is to sell $72,500 worth of units in April. If we charge a price p for our product, we will sell 800-4p...

I expect to earn 10 percent per year on my retirement investments. At the end of each of the next 40 years, I want to put the same amount of money in my retirement portfolio. How much money do I need...

It is April 15, and so far this month we have sold $35,000 worth of merchandise. Our quota is to sell $72,500 worth of units in April. If we charge a price p for our product, we will sell 800-4p...

1. A company's balance sheet shows: cash $28,000, accounts receivable $19,000, office equipment $53,000, and accounts payable $20,000. What is the amount of the owner's equity? 2. If a company is...

I need answers for zacks bike hut mid and final evaluations. both are attached, please and thank you for any help Which customer has the largest outstanding balance on June 30 (Identify by customer...

As of June 30, Year 2, the bank statement showed an ending balance of $17,888. The unadjusted Cash account balance was $16,854. The following information is available: 1. Deposit in transit, $2,535....

I want the Midterm assessment answers and entries for June 17-30 I need this ASAP! Please Zacks Bike Hut Level II 1st Web-Based Edition Transactions For June 10-16 1 Page II - Module 2 Zacks Bike...

Design a suitable protection scheme for the five buses ring network shown in Figure 1. All time-overcurrent relays are definite-time overcurrent (DTOC) relays. Assume that the minimum time setting of...

The typical separation of a directly bonded l3C-1H pair is 1.1 A. Assuming a correlation time of 20 ps (i.e. the fast motion limit), calculate values for the rate constants Rz(1), Rz(2) 12, Rxy(1)-...

Assume a monopolists marginal cost and marginal revenue curves intersect and the demand curve passes above its average total cost curve. The firm will a. make an economic profit. b. stay in operation...

The processing time expended during traversal of a link

The lifetime of a certain manufacturers washing machine is normally distributed with mean 4 years. Only 15% of all these washing machines last at least 5 years. What is the standard deviation of the...

You have been told that the distribution of regular unleaded gasoline prices over all gas stations in Indiana is normally distributed with mean $2.95 and standard deviation $0.075, and you have been...

A fast-food restaurant sells hamburgers and chicken sandwiches. On a typical weekday the demand for hamburgers is normally distributed with mean 313 and standard deviation 57; the demand for chicken...

Lucido Products markets two computer games: Claimjumper and Makeover. A contribution format income statement for a recent month for the two games appears below: bleau Dashboard Activity 5-1 (Static)...

James purchased a $1,000, 5 year, 5% bond two years ago, when the prevailing interest rates was 6%. There is now 1 year left on the bond before maturity. Now James wants to sell the bond this month....

What is the primary goal of environmental reporting? A ) To provide financial forecasts B ) To disclose environmental performance and impact C ) To improve product design D ) To enhance customer...