Break-Even Points Answers

Mary’s yard is a mess. She needs to hire someone to prune her trees and shrubs. A landscaping service she calls quotes her a price of $15 consultation fee plus $8 an hour for the actual work. Mary’s neighbor has offered to help her out. She doesn’t charge a consultation fee, but does charge $10 an hour for her work. Who do you think Mary should hire for a 3-hour job? When, if at all, would it be more economical to hire the other service. (Set up and solve a system of equations to answer this question.)a.Mary should hire her neighbor; if there was more than 7.5 hours of work she should hire the landscaping service.b.Mary should hire her neighbor; if there was more than 4.2 hours of work she should hire the landscaping service.c.Mary should hire the landscaping service; if there was more than 7.5 hours of work she should hire her neighbor.d.Mary should hire the landscaping service; if there was more than 4.2 hours of work she should hire her neighbor.

Mike has $22 in his bank account and deposits $11.50 each week. At the same time, Tim has $218 in his account but is withdrawing $13 each week.When will the accounts have the same balance? How much money will each of them have after 12 weeks?a.The accounts will have the same balance at 8 weeks; Mike will have $160 and Tim will have $62 after 12 weeks.b.The accounts will have the same balance at 10 weeks; Mike will have $160 and Tim will have $62 after 12 weeks.c.The accounts will have the same balance at 8 weeks; Mike will have $62 and Tim will have $160 after 12 weeks.d.The accounts will have the same balance at 10 weeks; Mike will have $100 and Tim will have $50 after 12 weeks.

There is a specialty store that you like to go to when you are craving jelly beans. The price is reasonable at $1.30 per pound. The store is a bit of a distance away and you could purchase the same jelly beans at your neighborhood supermarket, but the cost is a little more at $2.10 per pound. You spend about $3 on gas every time you go to the specialty store. How do you know if you are getting enough of the jelly beans to make the trip worthwhile? What two equations would you use to determine your break-even point? (Let C stand for the total cost and x represent the amount of jelly beans.) a. b. c. d. Please select the best answer from the choices provided

Solve the problem.Find the break-even point for the given cost and revenue equations. Round to the nearest whole unit.C = 15n + 269,000R = 95na.80c.3363b.2445d.110

At the local ballpark, the team charges $5 for each ticket and expects to make $1,400 in concessions. The team must pay its players $2,000 and pay all other workers $1,600. Each fan gets a free bat that costs the team $3 per bat. How many tickets must be sold to break even?a.440b.1,100c.2,500d.275

There is a specialty store that you like to go to when you are craving jelly beans. The price is reasonable at $1.30 per pound. The store is a bit of a distance away and you could purchase the same jelly beans at your neighborhood supermarket, but the cost is a little more at $2.10 per pound. You spend about $3 on gas every time you go to the specialty store. How do you know if you are getting enough of the jelly beans to make the trip worthwhile? Using the following equations determine your break-even point: Explain the meaning of your answer. a. ; You need to buy at least 2.4 lb of jelly beans to make the trip worthwhile. b. ; You need to buy at least 3.75 lb of jelly beans to make the trip worthwhile. c. ; You need to make about 4 trips to the specialty store to make the purchase worthwhile. d. ; You need to use 2.4 gallons of gas to make the trip worthwhile. Please select the best answer from the choices provided

You decide to market your own custom computer software. You must invest $3,255 for computer hardware, and spend $2.90 to buy and package each disk. If each program sells for $13.75, how many copies must you sell to break even? a.196 copiesb.301 copiesc.300 copiesd.195 copies

Mike and Kim invest $18,000 in equipment to print yearbooks for schools. Each yearbook costs $5 to print and sells for $30. How many yearbooks must they sell before their business breaks even?a.720b.3,600c.600d.1,060

You are a budding entrepreneur and begin a typing service. You buy a personal computer for $1750 on which to do your typing. You charge $5.50 per page for typing. Expenses are $.50 per page for ink, paper, electricity, and other expenses. How many pages must you type to break even?a.You must type 318 pages to break even.b.You must type 636 pages to break even.c.You must type 350 pages to break even.d.You must type 292 pages to break even.

The rock band, Screamin’ Meanies, has a fan club that publishes a monthly newsletter. Expenses are $.35 for printing and mailing each copy, plus $770 total for research, writing and other costs. The price of the newsletter is $.55 per copy. How many copies of the newsletter must the club sell to break even each month?a.The club must sell 3500 copies to break even.b.The club must sell 630 copies to break even.c.The club must sell 423 copies to break even.d.The club must sell 3850 copies to break even.