Use the Texas Instruments BAII Plus Break-Even Worksheet to Solve

question 2

Short Answer

Use the Texas Instruments BAII plus break-even worksheet to solve the following.
Recall:
FC: total fixed costs
VC: Variable costs per unit
P: Selling price per unit (S in textbook)
PFT: Profit or Net Income
Q: Number of units sold (x in textbook)
Toys-4-U manufactures a toy that it sells for $65.00 each. The variable cost per toy is $15 and the fixed costs for this product line are $250,000 per year. What number of sales would generate a profit of $5000?

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Definitions:

Sale of Goods Act

Legislation governing the sale of goods, ensuring that goods sold meet certain quality and ownership criteria.

Title and Possession

Legal terms that refer to the ownership (title) of an asset and the control or occupation of it (possession).

Money

A medium of exchange, unit of account, and store of value that facilitates the transaction of goods and services.

Defective Furnace

A faulty heating unit that fails to operate as expected or is unsafe.