Executives of studio recordings

Assignment Help Business Economics
Reference no: EM13998810

1. Executives of Studio Recordings, Inc. produced the latest CD by the Starshine Sisters Band, titled Sunshine/Moonshine. The following cost information pertains to the new CD:

CD package and disc (direct material & labor) $1.25 per CD Songwriter’s royalties $0.35 per CD Recording artists’ royalties $1.00 per CD Advertising & promotion $275,000 Selling price to CD distributor $9.00

Calculate the following:

a. Contribution per CD unit

b. Breakeven volume in CD units

c. Breakeven volume in dollars

d. Net profit if 1 million CDs are sold

e. The number of CD units that must be sold to achieve a $200,000 profit

Reference no: EM13998810

Questions Cloud

Under what conditions will a free market meet these goals : Welfare Economics: main economic goals of a political-economic system are to promote efficiency (static and dynamic), equity, and macroeconomic stability. Under what conditions will a free market meet these goals? Identify a violation of these condit..
What is the breakeven volume in units and dollars : Video Concepts, Inc. (VCI) markets video and film equipment through various retail outlets. VCI has just acquired the DVD distribution rights to a new film. VCI estimates the total market size for a film of this type to be 100,000 units. Other data a..
Why might be a problem in terms of optimal land management : In China, rural property is owned collectively by the village while being managed under long-term contracts by individual farmers. Why might this be a problem in terms of optimal land management, use and allocation?
Create the visual facet of your presentation : Having created and revised your outline in Milestone Two, the next step in the process is to create the visual facet of your presentation. Keep in mind that your voice will be the primary carrier of your message and that visuals play a supporting ..
Executives of studio recordings : Executives of Studio Recordings, Inc. produced the latest CD by the Starshine Sisters Band, titled Sunshine/Moonshine. The following cost information pertains to the new CD: CD package and disc (direct material & labor) $1.25 per CD Songwriter’s roya..
What ways does it help a developing country to transfer : As a hint, the Japanese have developed the field of robotics such as assembly line machines. Such machines are designed to replace expensive workers with capital (robots) in order to lower the overall cost of production. In what ways does it help ..
Calculate the deadweight loss associated with externality : Suppose that demand for a product manufactured in your state is Q = 1,200 - 4P and the supply is Q = 2P. Furthermore, suppose that the Marginal External Cost or damage associated with production of this product is $12 per unit. How many more units of..
Examine the single most impactful thing you learned : Predict what you believe will be the most significant changes in international taxation you will likely see in the next few years. Explain your reasoning.
Rights influenced the national assembly : Are there any indications that the United States Declaration of Independence or Constitution or the 1689 English Bill of Rights influenced the National Assembly? If so, how?

Reviews

Write a Review

Business Economics Questions & Answers

  Curve shifted-demand curve and supply curve

Indicate which curve shifted (demand curve, supply curve or both) and in which direction – for each of the following situations: *The price of furniture rises as the quantity bought and sold falls. *Apartment vacancy rates increase while average mont..

  Model when the production function-improvement in technology

Consider Solow's model when the production function is Y = 1000K0.3 L0.7 . The population growth rate is 2%, ? = 0.1 is the depreciation rate and s = 0.25 is the savings rate. Suppose this economy was in its steady state when unexpectedly Total Facto..

  Nondiscriminatory basis versus discriminatory basis

How can trade liberalization exist on a nondiscriminatory basis versus a discriminatory basis? What are some examples of each?

  In the short-run-firm can experience increasing

In the short-run, a firm can experience increasing, decreasing, or constant returns to scale. Decreasing returns to scale are often due to coordination and communication problems that create operating inefficiencies.

  An outcome of the game that both parties

Find the SPNE of this game. Is there an outcome of the game that both parties prefer to any SPNE? Also find a NE for which the outcome differs from any SPNE outcome.

  Why he did not foresee for number of t-shirt stores

What he didn't foresee was that number of T-shirt stores in South Padre would jump from roughly 10 to 40 within two years. Now he laments.

  What would be the terms of trade

Assume that country A can produce a unit of good X with 1 labor hour and a unit of good Y with 3 labor hours. Country B can produce a unit of good X with 2 labor hours and a unit of good Y with 8 labor hours. Labor is the only resource used. What wou..

  Less responsive consumers are to change in price of product

The less responsive consumers are to a change in the price of a product, _____

  Q1 elucidate how higher saving leads to a higher standard

q1. elucidate how higher saving leads to a higher standard of living. illustrate what might deter a policymaker from

  Illustrate what is firm current profit

firm's marginal cost curve crosses marginal revenue curve at an output level of 1,000 units. Illustrate what is firm's current profit. Illustrate what is likely to occur in this market and why.

  Compute the herfindahl-hirschman index

An industry consists of three firms with sales of $200,000, $500,000, and $400,000. Compute the Herfindahl-Hirschman index.

  Write out the company tms total average and marginal cost

After set up there is a marginal cost of $ 4 for each CD. Set up the total, average and marginal revenue functions for GDM. Write out the company TM s total average and marginal cost functions.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd