The Oliver company plans to market a new product. Based on its market studies, Oliver estimates that it can sell up to 6,000 units in 2005. The selling price will be $5 per unit. Variable costs are estimated to be 40% of total revenue. Fixed costs are estimated to be $15,000 for 2005. How many units should the company sell to break even

Number of units = __________

Question

The Oliver company plans to market a new product. Based on its market studies, Oliver estimates that it can sell up to 6,000 units in 2005. The selling price will be $5 per unit. Variable costs are estimated to be 40% of total revenue. Fixed costs are estimated to be $15,000 for 2005. How many units should the company sell to break even 
 
Number of units = __________

Quizplus · Accepted Answer

The Answer of The Oliver company plans to market a new product. Based on its market studies, Oliver estimates that it can sell up to 6,000 units in 2005. The selling price will be $5 per unit. Variable costs are estimated to be 40% of total revenue. Fixed costs are estimated to be $15,000 for 2005. How many units should the company sell to break even 
 
Number of units = __________

The Oliver Company Plans to Market a New Product