Examlex

Solved

Zeke Was a Professional Classical Guitar Player Until a Motorcycle

question 163

Multiple Choice

Zeke was a professional classical guitar player until a motorcycle accident left him disabled. After long months of therapy, he hired an experienced luthier and started a small shop to make and sell Spanish guitars. The guitars sell for $800, and the fixed monthly operating costs are as follows:  Rent and utilities $700 Wages and benefits toluthier 2300 Other expenses 479\begin{array} { | l | r | } \hline \text { Rent and utilities } & \$ 700 \\\hline \text { Wages and benefits toluthier } & 2300 \\\hline \text { Other expenses } & 479 \\\hline\end{array} Zeke's accountant told him about contribution margin ratios, and Zeke understood clearly that for every dollar of sales, $0.75 went to cover his fixed costs, and anything above that point was profit.
Zeke wishes to earn $5100 of operating profit each month. Calculate the amount of sales revenue required to achieve the target profit. (Round your answer to the nearest dollar.)


Definitions:

Hypotension

Abnormally low blood pressure, which can cause symptoms like dizziness or fainting.

LOS

Length Of Stay (LOS) is a measure used in healthcare to indicate the duration of a single hospital stay or treatment, impacting clinic management and resource allocation.

Nosocomial Condition

An infection acquired in a hospital or healthcare facility that was not present or incubating at the time of admission.

Hospital-acquired Condition

A hospital-acquired condition is an illness or injury that a patient develops while in the hospital for treatment of another condition.

Related Questions