Answer the following The given amount of annual interest is earned from a total of $12,000 invested in two funds paying simple interest. Write and solve asystem of equations to find the amount invested at each given rate.Annual InterestRate 14%Rate 28%$740invested at 4%$invested at 8%Use the equations for the total cost C and total revenue R to find the number x of units a company must sell to break even. (Round tothe nearest whole unit.)C = 8750x + 270,000, R = 9857xunitsA company invests $13,000 to produce a product that will sell for $53.60. Each unit costs $9.15 to produce. (Round your answers to thenearest whole number.)(a) How many units must the company sell to break even?units(b) How many units must the company sell to make a profit of $100,000?units

Since multiple questions are asked , we will answer 1st question for you as per prescribed…

The given amount of annual interest is earned from a total of $12,000 invested in two funds paying simple interest. Write and solve a system of equations to find the amount invested at each given rate. Rate 2 Annual Interest $740 Rate 1 4% 8% invested at 4% $ invested at 8% $

The given amount of annual interest is earned from a total of $12,000 invested in two funds paying simple interest. Write and solve a system of equations to find the amount invested at each given rate. Rate 2 Annual Interest $740 Rate 1 4% 8% invested at 4% $ invested at 8% $

Entrepreneurial Finance

6th Edition

ISBN:9781337635653

Author:Leach

Publisher:Leach

Chapter4A: Nopat Breakeven: Revenues Needed To Cover Total Operating Costs

Section: Chapter Questions

Problem 1EP

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Question

Answer the following

The given amount of annual interest is earned from a total of $12,000 invested in two funds paying simple interest. Write and solve a
system of equations to find the amount invested at each given rate.
Annual Interest
Rate 1
4%
Rate 2
8%
$740
invested at 4%
$
invested at 8%
Use the equations for the total cost C and total revenue R to find the number x of units a company must sell to break even. (Round to
the nearest whole unit.)
C = 8750x + 270,000, R = 9857x
units
A company invests $13,000 to produce a product that will sell for $53.60. Each unit costs $9.15 to produce. (Round your answers to the
nearest whole number.)
(a) How many units must the company sell to break even?
units
(b) How many units must the company sell to make a profit of $100,000?
units

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