Assume I sell each pair of socks for $78 and they cost $23 to produce. I also have costs to run my business including Annual Marketing of $8,000, Annual Rent of $42,000. and Annual Utilities of $4,350. How many pairs of shoes do I need to sell before I break even each year? (Round Up) 2. You are working for Toyota and trying to determine how many of their newest model of electric vehicle they will need to sell to break even. These cars will sell for $55,000 a piece. To manufacture this model, you will need to purchase a new production facility that will cost $150,000,000. The cost of materials for a single EV is $21,000, and the cost of labor is $8,000. How many of these cars will Toyota need to sell to breakeven?

Assume I sell each pair of socks for $78 and they cost $23 to produce. I also have costs to run my business including Annual Marketing of $8,000, Annual Rent of $42,000. and Annual Utilities of $4,350. How many pairs of shoes do I need to sell before I break even each year? (Round Up) 2. You are working for Toyota and trying to determine how many of their newest model of electric vehicle they will need to sell to break even. These cars will sell for $55,000 a piece. To manufacture this model, you will need to purchase a new production facility that will cost $150,000,000. The cost of materials for a single EV is $21,000, and the cost of labor is $8,000. How many of these cars will Toyota need to sell to breakeven?

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter10: Short-term Decision Making

Section: Chapter Questions

Problem 1EA: Garrison Boutique, a small novelty store, just spent $4,000 on a new software program that will help...

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