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Kisachek [45]
3 years ago
6

Bruceco is planning on selling backpacks for $100 each. the company can buy the backpacks for $30.00 and have them customized fo

r $20.00 apiece. there is a one-time set up charge of $1,000 for customization. how many backpacks will bruceco have to sell in order to break even?
Business
1 answer:
umka21 [38]3 years ago
4 0

100-30=70

70-20= 50

1000/50= 20 backpacks

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Answer:

The actual monthly payment is $206.08, which is slightly higher than the value given in the question, therefore, the given statement is not true.

Step by Step Explanation:

We have been given the loan amount as $12,000, term of loan as 6 years and annual interest rate as 7.25%.

Let us first find the monthly payment for this data, and then we can compare it with the given data to answer the given question.

We know that EMI formula is given as C=\frac{P\cdot r\cdot (1+r)^{n}}{(1+r)^{n}-1}

Upon substituting the given values.

C=\frac{12000\cdot \frac{0.0725}{12}\cdot (1+\frac{0.0725}{12})^{72}}{(1+\frac{0.0725}{12})^{72}-1}\\C=\frac{12000\cdot 0.0060416666\cdot (1+0.0060416666)^{72}}{(1+0.0060416666)^{72}-1}\\C=\frac{12000\cdot 0.0060416666\cdot (1.0060416666)^{72}}{(1.0060416666)^{72}-1}\\C=206.076\\

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8 0
4 years ago
1. What types of interest groups are the ADA and the ACU? Why do you categorize them that way?
ArbitrLikvidat [17]
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</span>3.  ADA stands up for social and economic justice. They achieve success in doing so through <span>lobbying, grassroots organizing, research and supporting progressive candidates.

Numbers 1 and 2 are the questions I can only manage to answer, you can do a bit of research for the rest of the items.

I hope my answer has come to your help. Have a nice day ahead and may God bless you always!
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It should be noted that Personal selling requires that sales associates be friendly, knowledgeable, and helpful.

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