Question: Breaking Even : Best Cycle specializes in making custom racing road bikes. The company wants to determine how many bikes Best Cycle needs to sell

Breaking Even: Best Cycle specializes in making custom racing road bikes. The company wants to determine how many bikes Best Cycle needs to sell per year to break even (i.e., achieving a zero profit when total cost equals total revenue). The spreadsheet named "Breaking Even" provides details of the bike price (Cell C5), unit cost (Cell C7), and fixed cost (Cell C8) of the production. Using the "Goal Seek" feature in Excel, find the demand that will enable the company to break even. Enter the break-even demand in the nearby box

Mountain Cycle
5 Bike Price $ 2,500
6 Demand
7 Unit Cost $ 1,575
8 Fixed Cost $ 65,000
9 Revenue
10 Variable Cost
11 Profit

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
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 General Management Questions!