Question: please answer all questions! PRICE CALCULATIONS HOMEWORK EXERCISE - Suppose you run a business that sells computer software to large medical offices that helps them

PRICE CALCULATIONS HOMEWORK EXERCISE - Suppose you run a business that sells computer software to large medical offices that helps them with their patient records and billing. Your marketing department has completed a market research project (Chapter 5) and has provided you the following information: - The total market for software of this type is 2,000 units per year. - The average price per unit for the software package is $5000. - The average costs associated with software production include: - $1,000 per unit licensing fee - \$250 per unit production/packaging/misc. costs - \$20,000 per month buildingiwarehouse lease - $10,000 per month promotional materials - In addition, you currently have 3 salespeople who work for you selling and installing the software packages. The associated selling expenses are as follows: - $3,000 per month salary for each salesperson - \$2,500 per month expense budgets for each salesperson (travel, entertainment, etc.) - $1,000 per unit training and installation service expenses - 5% commission rate based on sales - What are your total fixed costs for the year? - What is the unit variable cost for each software package? - What is your unit contribution? - What is your mark-up? - What would be your contribution margin? - How many software packages would you have to sell in the year to break even? - How much profit or loss are you making if you have 15% market share? - If you added a 4th salesperson (same expenses as the others) and you forecast she would sell an additional 35 units, should you hire her
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