Examlex

Solved

Use the Table Below to Answer the Following Question(s) -From the "What If" Values, Calculate the Net Profit When

question 63

Multiple Choice

Use the table below to answer the following question(s) .
In the spreadsheet below, there is data on the price, cost, demand, and quantity produced for an item. There are also different "what if" values that can help a manager to calculate costs and revenue with variability in demand.  A  B  C 1 Profit Model 23 Data  What-If  Demand  Values 420,0005 Unit Price ($)  5040,0006 Unit Cost ($)  2555,0007 Fixed Cost ($)  550,00060,0008 Demand 60,00065,0009 Quantity Produced 55,00010\begin{array}{|l|l|l|l|}\hline & \text { A } & \text { B } & \text { C } \\\hline 1 & \text { Profit Model } & & \\\hline 2 & & & \\\hline 3 & \text { Data } && \begin{array}{l}\text { What-If } \text { Demand } \\\text { Values }\end{array} \\\hline 4 & & & 20,000 \\\hline 5 & \text { Unit Price (\$) } & 50 & 40,000 \\\hline 6 & \text { Unit Cost (\$) } & 25 & 55,000 \\\hline 7 & \text { Fixed Cost (\$) } & 550,000 & 60,000 \\\hline 8 & \text { Demand } & 60,000 & 65,000 \\\hline 9 & \text { Quantity Produced } & 55,000 & \\\hline 10 & & & \\\hline\end{array}
-From the "what if" values, calculate the net profit when the demand is 65,000.


Definitions:

Prevention

The action of stopping something from happening or arising, particularly in health care, aiming to reduce the incidence of diseases or conditions.

Positive Psychology

A branch of psychology focusing on the study of human strengths and happiness, rather than mental illness.

Asylum Reform

A movement aimed at improving the conditions and treatment of asylum patients by advocating for better mental health care practices and facilities.

Philippe Pinel

A pioneering French physician credited with beginning the humane treatment of the mentally ill in the late 18th and early 19th centuries, he is often regarded as the father of modern psychiatry.

Related Questions