Answered: The fixed costs incurred by a small…

The fixed costs incurred by a small genetics research lab are $200,000 per year. Variable costs are 60% of the annual revenue. If annual revenue is $300,000, determine the annual profit (loss).

College Algebra

1st Edition

ISBN:9781938168383

Author:Jay Abramson

Publisher:Jay Abramson

Chapter7: Systems Of Equations And Inequalities

Section7.3: Systems Of Nonlinear Equations And Inequalities: Two Variables

Problem 4SE: If you graph a revenue and cost function, explain how to determine in what regions there is profit.

See similar textbooks

Related questions

Q: The combined yearly interest for x dollars invested at 12% and y dollars invested at 9% is…

A: Combined interest is, 12100x+9100y=0.12x+0.09y

Q: The Acme Widget Company has found that if widgets are priced at $245, then 4800 will be sold each…

Q: During a nationwide program to immunize the population against a new strain of the flu, public…

A: Since you have posted multiple subparts we solved first three subparts for you To get the solution…

Q: Peach Company sells a line of toys for $24 each. The variable costs per toy are $7 and the fixed…

A: Give that, fixed cost=$2380 Selling price per unit=$24 Variable cost per unit=$7

Q: The American family's net worth, on average, rose about 6 percent from 2001 to 2004. But the median…

A: Note: Hi there! Thank you for posting the question. As you have posted multiple questions, as per…

Q: Does Vilas County news Journal profit of $20 per year for each of its 3000 subscribers. Management…

A: Given data: The given profit per subscriber for the first 3000 subscriber is: p=$20/subscriber.…

Q: The time required to process a shipment of goods at Wal-Mart varies directly with the number of…

Q: A real estate firm owns 100 apartments. at 400 pounds per month, each apartment can be rented,…

Q: A factory has fixed monthly costs of $32,000. Each product costs $6 in variable costs. During the…

A: Variable cost is $6 So, cost for 1 item is = $6 cost for x items is= 6x Fixed cost is = $32000 So…

Q: An investment of 10,000,000 php has a revenue of x php that will increase of 10% every 2 years. With…

A: answer is in next step

Q: How many masks must Lakisha make a week to break even if her profit function is P(x) = 19x -500?…

Q: The speed-up company manufactures bicycles. Fixed costs are $600 and the cost of producing each…

A: Solution of the problem as follows

Q: A Virginia Beach farmer has 480 acres of land on which to grow either corn or soybeans. He figures…

Q: The units produced for 2018 (100000) units and at 2019 (90000) units, the total wages and cost…

A: Given: Units produced in 2018 - 100000 Units produced in 2019 - 90000 To find: Pi 2018

Q: A company pays $24 per hour for up to 8 hours of work. What is the equation for total pay (y) for…

Q: The formula that relates cost, revenue, and profit is ________.

A: Solution:- The formula that relates cost, revenue, and profit is , Profit=Revenue-Cost P=R-C

Q: A distributor purchases industrial fans for $177 each. Its profit is 10.00% on selling price and…

Q: A text message plan costs $4 per month plus $0.15 per text. The monthly cost for x text messages can…

A: Fixed cost is $ 4 per month and per text message cost is $ 0.15. Cost of x text message is $ 0.15x.…

Q: between 2007 and 2008, country B grew almost 2.5% to a populatiopn of 147,000 people. if this geowth…

A: between 2007 and 2008, country B grew almost 2.5% to a populatiopn of 147,000 people. if this geowth…

Q: Kerry earned a total of $900 last year on his investments. If $7000 was invested at a certain rate…

A: Statement Reason SI = (P×r×t)/100 Formula of simple interest P =7000, t=1 Given data for 1st…

Q: solve: fx"- 4x-3y=et-6 5x+y + 4y = 8+ cost

Q: In the middle of the year, the price of raw material decreased by 8%. How would this increase affect…

A: Accounting

Q: A cable company has 5000 paying customers when it bills $20/month. If it figures to lose 400…

A: Linear relation between two elements is obtained when the ratio of the elements remains the same…

Q: An investment portfolio earned $2010 in interest last year. If $3000 wasinvested at a certain rate…

A: Let $3000 was invested in x% and 24000 was invested in (x-4)% interest rate. So total interest…

Q: An oil-producing country can sell 7 million barrels of oil a day at a price of $110 per barrel. If…

Q: The average expenditure of 100 labourers is Dollar 20. If the average expenditure of all 150…

Q: Suppose that you currently own a clothes dryer that costs $30 per month to operate. A new efficient…

Q: Suppose the value of a car V is related to the number of years since its purchase by the formula V =…

A: Here the value of car is given V = 25000-2100n After 5 year then n = 5

Q: The owner of an ice cream franchisemust pay the parent company $1000 per month plus 5% ofthe monthly…

A: The owner of an ice cream franchise must pay the parent company $1000 per month plus 5% of the…

Q: For the years from 2006 and projected to 2021, the national health care expenditures H, in billions…

Q: The maximum safe load for ahorizontal rectangular beam varies jointly with thewidth of the beam and…

A: Let the length, width, thickness and maximum safe load of beam is represented by following…

Q: An engineering firm recently estimated its total revenue function as TR = 300q - 6q2² and its total…

Q: a company that manufacturers small canoes has a fixed cost of $20,000. it cost $20 to produce each…

Q: *Use the equation to determine the rental revenue for a theater revenus of 125 million.

A: To determine the given equation of the line and to determine the rental revenue for theater revenue…

Q: A distributor purchases industrial fans for $153 each. Its profit is 10.00% on selling price and…

A: Given: cost = $153 profit is 10 % on selling price and markup is 30 % . markdown is 9 % To find:…

Q: how long will it take for her to have enough money for her project?

A: The compounded interest formula is expressed as A=P1+rnnt Where, P is initial amount, r is the…

Q: A retailer currently sells 78 gallons of sanitizer per day at a price of 58 per gallon. Market…

A: A parabola concave downward has maximum at it vertex

Q: After giving 25% discount on the entry ticket, the number of visitors increased by 30%. What will be…

A: On present day: Discount on 1 ticket=25%……1Increase in number of visitors=30%……2 On other day:…

Q: If Ben invests $3500 at 4% interest per year, how much additional money must he invest at 5% annual…

A: Let x be additional money invested. Use the appropriate formula of simple interest each year equal…

Q: Jeff invested $40,000 in a business whereas his partner Kris invested $70,000. How much more (in…

A: Topic:- algebra

Q: Digital Displays Inc. makes computer monitors and sells them for $320 each. To break even, it needs…

Q: A vendor charges $45 for a jacket. What is the revenue function?

A: Given that, The vendor charge for a jacket =$ 45 Assume that the x number of units are sold.…

Q: A small business borrowed $225,000 from three different lenders to expand their product line. The…

A: Let x =Amount borrowed at 7% 2x=Now Amount borrowed at 5%

Q: A company pays $20 per hour for up to 8 hours of work. What is the equation for total pay (y) for…

A: Given that A company pays $20 per hour for up to 8 hours of work. It is required to find the…

Q: A retailer receives a shipment of 12000 soybeans that will be used at a constant rate of 300 pounds…

A: If Q'x is continuous on the Interval a≤x≤b, then the net change in as x varies from x=a, x=b is…

Q: A text message plan costs $4 per month plus $0.15 per text. The monthly cost for x text messages can…

A: Cost of plan per month = 4$Cost of one text message = 0.15$Cost of x number of text messages =…

Q: If demand for a country's export good rises, other things being equal, will both the commodity terms…

A: The Terms of Trade is the average price of exports / by the average price of imports. It is a…

Q: The variable costs on a new product will be $60 per unit and the fixed costs are estimated to be…

A: Consider the provide question, The break-even formula is given by, Let S = Selling price v =…

Q: The average cost function for the weekly manufacture of retro portable CD players is given by C(x) =…

Concept explainers

Estimation

A new framework of data analysis where the new statistical methods are used for interpreting the results and analyzing the data is known as estimation in statistics.

Question

The fixed costs incurred by a small genetics research lab are $200,000 per year. Variable costs are 60% of the annual revenue. If annual revenue is $300,000, determine the annual profit (loss).

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

$Point Estimation, Limit Theorems, Approximations, and Bounds$

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, calculus and related others by exploring similar questions and additional content below.

Similar questions

If you are performing a break-even analysis for a business and their cost and revenue equations are dependent, explain what this means for the company's profit margins.
If you graph a revenue and cost function, explain how to determine in what regions there is profit.
What is the yearly cost?
The table to the right shows expenses and income for an individual. Find the net monthly cash flow (it could be negative Income or positive). ASsume that salaries and wages are after taxes, and assume 1 month = 4 weeks. |Expenses Salary: $2400 / month Rent: $890 /month Groceries: $90/week Utilities: $110/ month Health insurance: $380 semiannually Car insurance: $530 semiannually Gasoline: $35/week Miscellaneous: $410/month Phone: $75/month The net monthly cash flow is $ (Round to the nearest dollar as needed.)
The table to the right shows expenses and income for an individual. Find the net monthly cash flow (it could be negative or positive). Assume that salaries and wages are after taxes, and assume 1 month=4 weeks. Income Expenses Salary: $2200/month Rent: $990/month Groceries: $80/week Utilities: $120/month Health insurance: $500 semiannually Car insurance: $410 semiannually Gasoline: $45/week Miscellaneous: $440/month Phone: $75/month The net monthly cash flow is $nothing. (Round to the nearest dollar as needed.)
The table to the right shows expenses and income for an individual. Find the net monthly cash flow (it could be negative or positive). Assume that salaries and wages are after taxes, and assume 1 month = 4 weeks. Income Expenses Salary: $2000 / month Rent: $1130/month Groceries: $90 /week Utilities: $120 /month Health insurance: $450 semiannually Car insurance: $410 semiannually Gasoline: $25/week Miscellaneous: $390/ month Phone: $85/month The net monthly cash flow is $ (Round to the nearest dollar as needed.)
Maximize the revenue
A manufacturer of ovens sells them for $1,510.00 each. The variable costs are $1,030.00 per unit. The manufacturer's factory has annual fixed costs of $2,130,000.00. Given the expected sales volume of 3,600 units for this year, what will be this year's net income? Round to two decimal places