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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