EasyFind manufactures and sells golf balls. The company is conducting a price test to find a better price point. Presently their golf balls sell for $22 per dozen. Their current volume is 5,730 dozen per month. They are considering reducing their sales price by 24% per dozen. What % increase in unit sales is necessary to achieve the same level of total contribution? 31.58% is INCORRECT. PS1 1 3 4 5 6 7 TRY QUESTION AGAIN EXIT PRACHICE CALCULATED VARIABLES: newvol - 10,232 newunits 7,539 newucont - $6.72 newprice = $16.72 tcont = $68,760 revenues $126,060 Xavi sells seashore paintings. His annual Fixed Costs are $1,000 and the Variable Costs are $9 per painting If Xavi sells his paintings for $15, and sells 50 paintings per year more than his breakeven volume, what is his average cost per painting? 0.00 Average Cost ($) PS3 1 2 6. SUBMIT ANSWER EXIT CALCULATED VARIABLES: bevol = 167 marpct 0.40 (40%) contrib = $6.00
EasyFind manufactures and sells golf balls. The company is conducting a price test to find a better price point. Presently their golf balls sell for $22 per dozen. Their current volume is 5,730 dozen per month. They are considering reducing their sales price by 24% per dozen. What % increase in unit sales is necessary to achieve the same level of total contribution? 31.58% is INCORRECT. PS1 1 3 4 5 6 7 TRY QUESTION AGAIN EXIT PRACHICE CALCULATED VARIABLES: newvol - 10,232 newunits 7,539 newucont - $6.72 newprice = $16.72 tcont = $68,760 revenues $126,060 Xavi sells seashore paintings. His annual Fixed Costs are $1,000 and the Variable Costs are $9 per painting If Xavi sells his paintings for $15, and sells 50 paintings per year more than his breakeven volume, what is his average cost per painting? 0.00 Average Cost ($) PS3 1 2 6. SUBMIT ANSWER EXIT CALCULATED VARIABLES: bevol = 167 marpct 0.40 (40%) contrib = $6.00
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Question
Plsese expalation
Transcribed Image Text:EasyFind manufactures and sells golf balls. The company is conducting a price test to find a better
price point. Presently their golf balls sell for $22 per dozen. Their current volume is 5,730 dozen per
month. They are considering reducing their sales price by 24% per dozen.
What % increase in unit sales is necessary to achieve the same level of total contribution?
31.58% is INCORRECT.
PS1
2 3 4
56 7
TRY QUESTION AGAIN
EXIT
PRACTICE
PRACTIO
CALCULATED VARIABLES:
newvol - 10,232
newunits a 7,539
newucont - $6.72
newprice = $16.72
tcont = $68,760
revenues $126,060
Xavi sells seashore paintings. His annual Fixed Costs are $1,000 and the Variable Costs are $9 per
painting.
If Xavi sells his paintings for $15, and sells 50 paintings per year more than his breakeven volume,
what is his average cost per painting?
0.00 Average Cost ($)
PS3
12 3 4
56
7
SUBMIT ANSWER
EXIT
CALCULATED VARIABLES:
bevol = 167
marpct = 0.40 (40%)
contrib = $6.00
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