Stickco sells hockey sticks for $90, incurs variable costs of $50 per stick and has...
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Finance
Stickco sells hockey sticks for $90, incurs variable costs of $50 per stick and has fixed costs of $35,000. Last year they sold 1,000 sticks. They are considering a 30% price decrease to move or sell more sticks. Assuming all the variable and fixed costs remain the same:
How many sticks do they need to sell to simply breakeven?
Answer only: ________________________
What was their profit if they did sell 1,000 sticks?
Answer only: ________________________
How much of a sales increase (%BE) would they need in order to generate the same profit, if they lower the price by 30%?
Answer only: ________________________
Calculate the minimum unit change in sales volume to maintain the same amount of profitability (BE).
Answer only: ________________________
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