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- Suppose you make beautiful coffee tables out of juniper trees. Your materials cost for each table is $135. You pay your craftsman $25 per hour and it takes him 5 hours to complete one table. If you sell these tables for $689, what is your Cost of Goods Sold Percentage?A book publisher has fixed costs of $300,000 and variable costs per book of $8.00. The book sells for $23.00 per copy. How many books must be sold to break even?You are thinking about opening an oil change shop. Your fixed costs will be $14,500 per month. You will charge customers $30 for a lube-oil-filter. The cost of materials is in addition to your fixed costs and is estimated at $10 per customer. How many customers must you have each month in order to break even?
- A type of business where the major product is intangible, meaning it cannot be weighed or measured?How will you gather information about competitors, their products, and the prices that they charge for their prod- ucts and services?Describe a good or service where you have worked or with which you are familiar where a breakeven analysis would be useful.
- Make an advertisement for hiring engineers for each various organizations' levels. three level of organition 1. Level One – those with minimal engineering jobs like retailing firms.2. Level Two – those with a moderate degree of engineering jobs like transportation companies.3. Level Three – those with a high degree of engineering jobs like construction firms.When product demand fluctuates and yet you maintain a constant level of employment, some of your cost savings might include:a) reduction in hiring costs.b) reduction in layoff costs and unemployment insurance costs.c) lack of need to pay a premium wage to get workers to accept unstable employment.d) having a trained workforce rather than having to retrainnew employees each time you hire for an upswing in demand.e) all of the above.A company faces fixed costs of $120,000 and variable costs of $8/unit. They plan to directly sell their product to the market for $12. How many units must they produce and sell to break even?
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