The Goldberg-Scheinman Company is publishing a new managerial economics text for which it has estima
Question: The Goldberg-Scheinman Company is publishing a new managerial economics text for which it has estimated the following total fixed and average variable costs:
(a) Determine the breakeven output and total sales revenue
(b) Determine the output that would generate a total profit of $60,000 and the total sales revenues at that output level.
| Total Fixed Costs: | |
| Copy editing | 10,000 |
| Typesetting | 70,000 |
| Selling and promotion | 20,000 |
| Total Fixed Costs | 100,000 |
| Average Variable Costs | |
| Printing and binding | 6 |
| Administrative costs | 2 |
| Sales commission | 1 |
| Bookstore discounts | 7 |
| Author’s royalties | 4 |
| Average Variable costs | 20 |
| Project selling price | 30 |
Solution:
Price: $2.99
Answer: The answer consists of 1 page
Deliverable: Word Document
Deliverable: Word Document
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