Question: Answer everything on the template (quantitative and qualitative portions) T.W. Smitty, an emerging rapper, has reserved a recording studio for $5000 to cut his first

Answer everything on the template (quantitative and qualitative portions)

T.W. Smitty, an emerging rapper, has reserved a recording studio for $5000 to cut his first album, called Smart Rap. The cost of recording the album is $5000 and copies are $5 apiece. If the vinyl albums are priced at $15 each, how many must be sold to break even? What is the breakeven point in dollars?

Answer everything on the template (quantitative

Part C

Explain what the numbers mean in reference to the numbers calculated in PART A and PART B (In this discussion what is the importance of the Break-Even Analysis)?

Problem 6.3 Template Part A Place the numbers in the text box after solving. Be sure to associate what the product is you are solving for not just the number (e.g. pencils, TVs): Part A Fixed Cost = Cf Variable Cost=C, Price = Ep Part B by placing the numbers in the text box in the form of the equation: Part B Equation v=- Cf p - Cv

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