Question: GENERAL INSTRUCTIONS: ENTER YOUR ANSWER AS A NUMBER WITHOUT A COMMA, ROUNDED TO THE WHOLE NUMBER, for instance if you compute 77,342.6478 units then ENTER
GENERAL INSTRUCTIONS: ENTER YOUR ANSWER AS A NUMBER WITHOUT A COMMA, ROUNDED TO THE WHOLE NUMBER, for instance if you compute 77,342.6478 units then ENTER 77343 AS YOUR ANSWER. DO NOT ROUND IN YOUR CALCULATION STEPS (use calculator memory functions) TO AVOID ROUNDING ERRORS. There is a little bit of tolerance built into accepting/rejecting your answer, but if you round in your intermediate calculations you may be too far off.
Crossroad Motors Inc. is a newly started automobile manufacturing company. It is planning on selling each car that it produces for $37,000, while its variable cost per car is $16,000. Assuming the company faces an annual fixed cost of $189 million, how many automobiles need to be produced and sold each year to break-even?
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