Part a) Total Cost
Total Cost for recapping the tires is the sum of fixed cost and the variable cost. i.e.
The total cost is ( $65,000 fixed) + (15,000 x $7.5)
=$65,000+$112,500
=$177,500
Part b) Total Revenue
Revenue from 1 tire = $25
Total tires recapped = 15000
So, Total revenue = 15000 tires x $25/tire
Total Revenue =$375,000
Part c) Total Profit
Total Profit = Revenue - Cost
Using the above values, we get:
Profit = $375,000 - $177,500
Profit = $197,500
Part d) Break-even Point
Break-even point point occurs where the cost and the revenue of the company are equal. Let the break-even point occurs at x-tires. We can write:
For break-even point
Cost of recapping x tires = Revenue from x tires
65,000 + 7.5 x = 25x
65,000 = 17.5 x
x = 3714 tires
Thus, on recapping 3714 tires, the cost will be equal to the revenue generating 0 profit. This is the break-even point.
Answer:
The goal in solving an equation is to get the variable by itself on one side of the equation and a number on the other side of the equation. To isolate the variable, we must reverse the operations acting on the variable.
Step-by-step explanation:
P I hope this helps sorry if it didn’t
Answer:
The answer is the third option from the top:
0, 0, 11, 15, 26, 32, 45, 46, 46, 46, 60, 71, 84, 88
