BUSN 603 BUSN603 Problem Set 1 Answer (APUS)

BUSN 603 BUSN603 Problem Set 1 Answer (APUS)

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BUSN 603 Quantitative Analysis Problem Set 1 Answer 

This part of the question is based on the following information.

Gina Fox has started her own company, Foxy Shirts, which manufactures imprinted shirts for special occasions. Since she has just begun this operation, she rents the equipment from a local printing shop when necessary. The cost of using the equipment is $350. The materials used in one shirt cost $8, and Gina can sell these for $15 each.

  1. If Gina sells 20 shirts, her total revenue will be _________
  2. If Gina sells 20 shirts, her total variable cost will be _________.

  3. Based on the above information, Gina must sell  50 shirts to break even. (Hint: Please enter a single number only and round it to an integer if necessary. No decimal points.) 

  4. Based on the calculation in the previous question, Gina's total revenue at the breakeven point of output is  750 . (Hint: Please enter a single number only and round it to an integer if necessary. No decimal points.)  

  5. If Mysti sells 20 units at a price of $40 each, her total revenue will be _________.

  6. If Mysti sells 20 cues, her total variable cost will be _________.

  7. Based on the above information, Mysti must sell  160 units to break even. (Hint: Please enter a single number only and round it to an integer if necessary. No decimal points.)  

  8. Based on the calculation in the previous question, Mysti's total revenue at the breakeven point of output is  6400 . (Hint: Please enter a single number only and round it to an integer if necessary. No decimal points.)  


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