Unit 5 review test - UNIT 5 REVIEW 1 A company sells a...

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UNIT 5 - REVIEW 1. A company sells a product for $129.95 each. Fixed costs per month are $4,550. Variable costs are $42/unit. a) What is the revenue equation? b) What is the total cost equation? c) What is the break-even point in units sold? d) What is the break-even point in sales dollars? ON THE GRAPH LABEL: e) The total cost line f) The total revenue line g) The fixed cost area h) The variable cost area i) The total cost area j) The profit area k) The loss area l) The break-even point 2. The Bargain bookstore has $95,000 of sales, variable costs of $34,570, and fixed costs of $29,640. What would their sales have to be to break even? 3. What amount of interest will be charged on $650 borrowed for 16 months at a simple interest rate of 6¼%? 4. What principal will have a maturity value of $10,000 at 8.25% p.a. in three months? 5. What principal will earn $67.14 interest at 6.25% for 82 days? 6. Sherrie borrowed $3,200 on May 13, 2007, and repaid the loan on March 21, 2008. If interest of $125.13 was charged, what simple annual rate of interest was charged on the loan?
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