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Spencer Inc

question 120

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Spencer Inc.manufactures a product that costs $36 per unit plus $32,000 in fixed costs each month.Spencer currently sells 1,000 of these units per month for $80 each.If Spencer leased a machine for $8,000 a month,it could add features to the product that would allow it to sell for $120 each.It would cost an additional $12 per unit to add these features.How much would Spencer's profit be affected if it leased the machine and added features to its product?

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Definitions:

Saving Incentives

Financial or regulatory measures designed to encourage individuals or businesses to save more money.

Interest Rate

This represents the percentage of the principal that lenders charge borrowers for the access to assets.

Investment

Allocation of resources, usually money, in the expectation of generating an income or profit.

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