Given the data table below answer the questions that follow. Price per unit 5 10 15 20 25 30 weekly profit in thousands -8256 -1035 485 1400 820 -1200 e. According to your model what is the company’s predicted maximum profit? f. The company has decided that as long as they make at least $500 thousand in profit each week they will stay in business. What range of prices will allow them to reach this goal?
Given the data table below answer the questions that follow. Price per unit 5 10 15 20 25 30 weekly profit in thousands -8256 -1035 485 1400 820 -1200 e. According to your model what is the company’s predicted maximum profit? f. The company has decided that as long as they make at least $500 thousand in profit each week they will stay in business. What range of prices will allow them to reach this goal?
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter6: Cost-volume-profit Analysis
Section: Chapter Questions
Problem 23E
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3. Given the data table below answer the questions that follow.
Price per unit | 5 | 10 | 15 | 20 | 25 | 30 |
weekly profit in thousands | -8256 | -1035 | 485 | 1400 | 820 | -1200 |
e. According to your model what is the company’s predicted maximum profit?
f. The company has decided that as long as they make at least $500 thousand in profit each week they will stay in business. What range of prices will allow them to reach this goal?
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