# MAT 540 Week 1 Homework

Aug 7th, 2016
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Strayer University
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Chapter 1 - 11 Questions - All Answered 1. The Retread Tire Company recaps tires. The fixed annual cost of the recapping operation is \$65,000. The variable cost of recapping a tire is \$7.5. The company charges\$25 to recap a tire. a. For an annual volume of 15, 000 tire, determine the total cost, total revenue, and profit. b. Determine the annual break-even volume for the Retread Tire Company operation. 2.Evergreen Fertilizer Company produces fertilizer. The company’s fixed monthly cost is \$25,000, and its variable cost per pound of fertilizer is \$0.20. Evergreen sells the fertilizer for \$0.45 per pound. Determine the monthly break-even volume for the company. 3. If Evergreen Fertilizer Company in problem 2 changes the price of its fertilizer from \$0.45 per pound to \$0.55 per pound, what effect will the change have on the break-even volume? 4. If Evergreen Fertilizer Company increases its ...........................

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Homework #1Q1 - AFix Cost65000Variable Cost7.5sales volume15000sale Price25Q1 - BFix Cost65000Variable Cost7.5sales price25Break-even quantities3714.28571Q2Fix Cost25000Variable Cost0.2sales price0.45Break-even quantities100000Fix Cost25000Variable Cost0.2sales price0.55Break-even quantitiesQ3Variable Cost0.2sales price0.45Break-even quantities140000Variable Cost0.4sales price1.122222222Break-even quantities9000Q4Q5 - AQ5 - BFix Cost & Advertising35000Monthly fix Cost & adv.Fix Cost (vender's fee &equipment)6500The weather on game days, the team's record duringPossible factors affecting volume the season, team publicity, and competition from otherQ6 - AFix Cost400000Variable Cost10000sales price20000Break-even quantities40Q6 - BFix Cost400000Variable Cost10000sales volume80sale Price20000Q6 - CFix Cost400000Variable Cost10000sales volume50sale Price25000Please give your answers in YELLOW boxesRevenue375000Total Cost177500Profit197500RevenueTotal CostProfit375000177500197500Break-even: Revenue = Total CostEffectsEffects40000Q13Profit400000Profit350000NoteCollege should not consider doing this because it decreases the profit.es the profit.Q7GradeABCDFScale43210Probability0.10.20.40.20.11Expected Value0.40.60.80.2021.2Q8InvestmentProbabilityABEconomic ConditionsGoodPo

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