please answer questions #16 to #22

JANTITATIVE ANALYSIS seminars ning. For is 51.000 cidentals the materi S60 per pe charges 52 cesto Samne busi Seminare 24 A couple State Unis practice ness Studie was deten the larges The stude for 3 hour tests, and COSESS total of (a) If stor how 16 Ray Bond sells handcrafted yard decorations at county fairs. The variable cost to make these is $20 cach, and he sells them for SSO. The cost to rent a booth at the fair is $150. How many of these must Ray sell to break even? 17 Ray Bond, from Problem 1-16, is trying to find a new supplier that will reduce his variable cost of produc tion to S15 per unit. If he was able to succeed in re ducing this cost, what would the break-even point be? 18 Katherine D'Ann is planning to finance her college education by selling programs at the football games for State University. There is a fixed cost of 5400 for printing these programs, and the variable cost is $3. There is also a $1.000 fee that is paid to the univer- sity for the right to sell these programs. If Katherine was able to sell programs for $5 cach, how many would she have to sell in order to break even? 19 Katherine D'Ann, from Problem 1-18, has become concerned that sales may fall, as the team is on a ter- rible losing streak, and attendance has fallen off. In fact. Katherine believes that she will sell only 500 programs for the next game. If it was possible to raise the selling price of the program and still sell 500, what would the price have to be for Katherine to break even by selling 500? 20 Farris Billiard Supply sells all types of billiard equipment, and is considering manufacturing their own brand of pool cucs, Mysti Farris, the produc tion manager, is currently investigating the produc- tion of a standard house pool cue that should be very popular. Upon analyzing the costs, Mysti determines that the materials and labor cost for each cue is $25, and the fixed cost that must be covered is $2.400 per week. With a selling price of $40 each, how many pool cues must be sold to break even? What would the total revenue be at this break-even point? 21 Mysti Farris (see Problem 1-20) is considering rais- ing the selling price of each cue to $50 instead of $40. If this is done while the costs remain the same, what would the new break-even point be? What would the total revenue be at this break-even point? : 22 Mysti Farris (see Problem 1-20) believes that there is a high probability that 120 pool cues can be sold if the selling price is appropriately set. What selling price would cause the break-even point to be 1207 23 Golden Age Retirement Planners specializes in providing financial advice for people planning for a comfortable retirement. The company offers tobre (b) A Son for 3 possil point 25 Zoe Gars business services worn-ou white co and each for each lease col page cor $400, an Custome (a) Wha (b) If (c) If z (d) At two wou