You wish to open up a new printing business in the Hamilton area. Your target market will be other new businesses that require business cards, posters, and flyers. You hope to serve new entrepreneurs by offering free design clinics. Fixed Costs: The cost of the leasing a printing machine, rent, insurance, taxes and heat will be approximately $35 000 per year. Selling Price: The average selling price for business cards is $20. Variable Cost: $16.50 Show formulas and answers. la. Calculate the gross profit.) Gross Profit= Selling Price-Variable Costs b. How many sets of business cards will have to be sold to break even? Fixed Costs (Selling Price-Variable Costs) Break-Even=

You wish to open up a new printing business in the Hamilton area. Your target market will be other new businesses that require business cards, posters, and flyers. You hope to serve new entrepreneurs by offering free design clinics. Fixed Costs: The cost of the leasing a printing machine, rent, insurance, taxes and heat will be approximately $35 000 per year. Selling Price: The average selling price for business cards is $20. Variable Cost: $16.50 Show formulas and answers. la. Calculate the gross profit.) Gross Profit= Selling Price-Variable Costs b. How many sets of business cards will have to be sold to break even? Fixed Costs (Selling Price-Variable Costs) Break-Even=

Principles Of Marketing

17th Edition

ISBN:9780134492513

Author:Kotler, Philip, Armstrong, Gary (gary M.)

Publisher:Kotler, Philip, Armstrong, Gary (gary M.)

Chapter1: Marketing: Creating Customer Value And Engagement

Section: Chapter Questions

Problem 1.1DQ

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Your friend Brianna is considering getting a credit card. She is going to use the credit card to help build her credit. The credit card she is considering has an APR of 24.99%. It also has a yearly fee of $150.00, but it does offer 1% cash back on most purchases. She asks you for your advice. Use CER to answer the question: Should Brianna get the credit card?
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I know this is on Bartleby, but the solution is still not leading me to understand it. Can I have a more in-depth explanation? We are thinking of opening a small copy shop. It costs us $5000 to rent a copier for a year. It costs us $0.03 per copy to operate the copier. Other fixed costs of running the store amount to $400 per month. We charge an average of $0.10 per copy. We are open 365 days per year. Each copier can make up to 100,000 copies per year. Formulate a model for annual profit.a. Create a two-way table for 1 to 5 copiers rented and daily demands of 500, 1000, 1500, and 2000 copies per day. That is, compute annual profit for each of these combinations of copiers rented and daily demand.b. If we rent three copiers, what daily demand for copies will allow us to break even?c. Using the data table from part a, chart profit as a function of the number of copiers; for a daily demand of 500 copies, and for a daily demand of 2000 copies. Show both lines on the same chart. Interpret…
Your friend Brianna is considering getting a credit card. She is going to use the credit card to help build her credit. The credit card she is considering has an APR of 24.99% and it also has a yearly fee of $150.00 but it does offer 1% cash back on most purchases. She asks you for your advice. Should Brianna get the credit card?