The Raw Materials Biff Tannen purchases cost $5 each Using the units you determined in your Break Even Analysis for the $3,000 profit (from BE part 5) Calculate the total Biff Tannen needs to spend each month in order to purchase those raw materials Selling Price per unit 12 Variable costs Raw Material 5 Labor 40 Contribution Margin 33 Fixed Costs (Monthly) Saleries 5600 Insurance 200 Rent 1000 Utilities 700 7500 Break even point ( of pickups) 21 2121212121212 Break even ($) 254 545454545455 Fixed costs target income 10500 contribution margin per unit 3 pickups needed to achieve $3000 profit 3500 $ sales representing the same 42000 employees needed 7 29166666666667 or 8 2 Biff Tannen purchases these materials from Holomax Inc under sales conditions of 3 10 N 30 What would the Effective Rate of Interest be if payment were made on day 10 Day 11 And on day 30

Question: The Raw Materials Biff Tannen purchases cost $5 each. Using the units you determined in your Break Even Analysis for the $3,000 profit (from BE

The Raw Materials Biff Tannen purchases cost $5 each. Using the units you determined in your Break Even Analysis for the $3,000 profit (from BE part #5). Calculate the total Biff Tannen needs to spend each month in order to purchase those raw materials.

Selling Price per unit		12
Variable costs
Raw Material	5
Labor	40
Contribution Margin		33

Fixed Costs (Monthly)

Saleries	5600
Insurance	200
Rent	1000
Utilities	700	7500

Break even point (# of pickups)	21.2121212121212

Break even ($)	254.545454545455

Fixed costs + target income	10500
contribution margin per unit	3
pickups needed to achieve $3000 profit	3500
$ sales representing the same	42000

employees needed	7.29166666666667	or 8

2. Biff Tannen purchases these materials from Holomax Inc. under sales conditions of 3/10 N/30.

What would the Effective Rate of Interest be if payment were made on day 10?
Day 11?
And on day 30?

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