1. The Stanley Company is coming up with a new cordless travel shaver just before the...

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1. The Stanley Company is coming up with a new cordless travel shaver just before the Christmas holidays. It hopes to sell 10,000 of these shavers in the month of December alone. The manufacturing variable cost is $3 and the Fixed costs $100,000. If the shavers sell for $11 each, how many must be produced to break-even? (Hint: Set R(X) - C(X) = 0 and solve for X 2. Both Jenny and Masur are salespeople for Athletic Shoes. Jenny gets paid $8 per hour plus 4% commission on the sales. Masur gets paid $10 per hour plus 8% commission on the sales in excess of $1,000. If they work 8-hour days, for what sales amount would they both earn the same daily amounts? 3. A car rental company offers two plans. Plan I charges $12 a day and 12 cents a mile, while Plan II charges $30 a day but no charge for miles. If you were to drive 300 miles in a day, which plan is better? For what mileage are both rates the same? 4. Whackemhard Sports is planning to introduce a new line of tennis rackets. The Fixed Cost for the new line is $35,000 and the variable cost of producing each racket is $70. If the racket sells for $90, how much profit will the company make if it produces and sells 2,500 units 5. A company's revenue and cost in dollars are given by R = 225x and C = 75x + 6000, where x is the number of items. Find the number of items that must be produced to break-even. 1. The Stanley Company is coming up with a new cordless travel shaver just before the Christmas holidays. It hopes to sell 10,000 of these shavers in the month of December alone. The manufacturing variable cost is $3 and the Fixed costs $100,000. If the shavers sell for $11 each, how many must be produced to break-even? (Hint: Set R(X) - C(X) = 0 and solve for X 2. Both Jenny and Masur are salespeople for Athletic Shoes. Jenny gets paid $8 per hour plus 4% commission on the sales. Masur gets paid $10 per hour plus 8% commission on the sales in excess of $1,000. If they work 8-hour days, for what sales amount would they both earn the same daily amounts? 3. A car rental company offers two plans. Plan I charges $12 a day and 12 cents a mile, while Plan II charges $30 a day but no charge for miles. If you were to drive 300 miles in a day, which plan is better? For what mileage are both rates the same? 4. Whackemhard Sports is planning to introduce a new line of tennis rackets. The Fixed Cost for the new line is $35,000 and the variable cost of producing each racket is $70. If the racket sells for $90, how much profit will the company make if it produces and sells 2,500 units 5. A company's revenue and cost in dollars are given by R = 225x and C = 75x + 6000, where x is the number of items. Find the number of items that must be produced to break-even.

Answer rating: 100% (QA)

1 To break even the revenue generated should cover the total cost incurred Lets call the number of s... View the full answer