Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. footwear inc. manufactures a complete line of men'

Footwear Inc. manufactures a complete line of men's and women's dress shoes for independent merchants....

90.2K

Verified Solution

Question

Finance

Footwear Inc. manufactures a complete line of men's and women's dress shoes for independent merchants. The average selling price of its finished product is $95 per pair. The variable cost for this same pair of shoes is $60 Footwear Inc. incurs fixed costs of 170,000 per year.

a. What is the break-even point in pairs of shoes sold for the company?

b. What is the dollar sales volume the firm must achieve to reach the break-even point?

c. What would be the firm's profit or loss at the following units of production sold: 7,000 pairs of shoes? 11,000 pairs of shoes? 17,000 pairs of shoes?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Solomon Company is considering adding a new product. The costaccountant has provided the following...

Accounting
Q

On March 2, 2015, Best Buy Co. announced that it planned torepurchase up to...

Accounting
Q

Use the following information to calculate the NPV for an overseas expansion: Year Cash Flow 0 -$25,000 1 10,000 2 20,000 3 30,000 What is the NPV...

Accounting
Q

Find the infinite series solution about x = 0 for the following differential equation x2y\"+ 4xy'...

Advance Math
Q

A 25-gram block is resting on a horizontal, frictionless surface and is attached to a horizontal...

Physics
Q

Design your own measure of central tendency that is: a) unaffected by extreme scores b)Inappropriate for use on...

Basic Math
Q

What age group or groups do you think your personality is best suited to, and...

Biology
Q

0 Across a photoelectric cell a source of variable potential difference is connected and the...

Physics
Q

A rancher plans to fence in a rectangular corral adjacent to a river for a...

Calculus
Q

please help with this ASAP Frank Weston, supervisor of the...

Accounting
Q

I. The right side of the balance sheet of the WBC Corp. shows the following:...

Accounting
Q

The Wire One Company manufactures high-quality coated electrical wire in two departments, Weaving and Coating...

Accounting