Eli’s and her friend Elli developed an online car repair training course and sell it for $69.50 per course. The contribution margin per course is $23.00 and to break-even they need to have a total revenue of $105,000.00 per annum.

a) what is the break-even volume? Round answer to next whole number

b) what is the fixed costs per annum? Round answer to nearest cent

c) What is the total revenue if they sell 3,100 courses this year? Round answer to nearest cent

 

A chief Executive Officer of an investment firm receives a gross salary Andrew $675,000 per annum.

a) What is his periodic gross payments if he is paid monthly? —> round answer to nearest cent

b) What is his periodic gross payments if he is paid bi-weekly? —> Round answer to the nearest cent

You are the general manager of a firm with fixed costs of $470,000 per quarter. Your variable costs are $80 per unit and your selling price is $130 per unit.

a) determine your break-even volume ( per quarter). —> round up to next whole number

b) Determine the volume at which your firm would lose $116,000 in the quarter. —> round up to the next whole number

c) Determine the volume that would yield a quarterly profit of $108,000 —> round up to the next whole number

d) The firm currently operates at profit of $108,000 per quarter. It is considering increasing it’s fixed costs by $55,000 as this will decrease variable by $6 per unit. By how much will this increase their profit? —> round up to the nearest cent

10. Given the marginal revenue =9Jq+1, find the revenue when q = 8, rounded to the nearest cent A) $208.53 B) $24.00 C)$78.93 D) $209.07 E) $79.47