Tory Company sells a single product. Troy estimates demand and costs at various activity levels as...
Tory Company sells a single product. Troy estimates demand and costs at various activity levels as follows:
| Units Sold | Price | Total Variable Costs | Fixed Costs |
| 120,000 | $48 | $3,000,000 | $1,000,000 |
| 144,500 | $45 | $3,510,000 | $1,000,000 |
| 160,000 | $40 | $4,000,000 | $1,000,000 |
| 180,000 | $35 | $4,500,000 | $1,000,000 |
| 200,000 | $30 | $5,000,000 | $1,000,000 |
How much profit will Troy have if a price of $45 is charged?
Round to two decimal places.
Your Answer:
Homework Answers
Profit = Price*units sold-variable cost -fixed cost
=45*144500-3510000-1000000=1992500
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Tory Company sells a
single product. Troy estimates demand and costs at various activity
levels as...
Tory Company sells a single product. Troy estimates demand and costs at various activity levels as...
Tory Company sells a single product. Troy estimates demand and costs at various activity levels as follows: Total Variable Fixed Costs $48 Units Sold Price Costs 120.000 $3,000,000 $1,000,000 143,500 $45 $3,500,000 $1,000,000 160,000 $40 $4,000,000 $1,000,000 180.000 $35 $4.500.000 $1.000.000 200,000 $30 $5,000,000 $1,000,000 How much profit will Troy have if a price of $45 is charged? Round to two decimal places.
Question 1 (1 point) Tory Company sells a single product. Troy estimates demand and costs at...
Question 1 (1 point) Tory Company sells a single product. Troy estimates demand and costs at various activity levels as follows: Units Sold Price Total Variable Costs Fixed Costs 120,000 $48 $3,000,000 $1,000,000 152,000 $45 $3,550,000 $1,000,000 160,000 $40 $4,000,000 $1,000,000 180,000 $35 $4,500,000 $1,000,000 200,000 $30 $5,000,000 $1,000,000 How much profit will Troy have if a price of $45 is charged? Round to two decimal places. Your Answer: Question 1 options: Answer Question 2 (1 point) The Falling Snow...
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