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Use a Modern Software Tool to Perform Statistical Calculations -Calculate the Revenue for Units Sold

Question 7

Multiple Choice

Use a modern software tool to perform statistical calculations.
Use the table below to answer the following question(s) .
Below is the profit model spreadsheet for the Lazarus Shoe Company producing their latest model of shoes for the month of January.  Profit Model for Lazarus  Shoe Company for  January  (All cost in $)  Unit Price 47 Unit Cost 22 Fixed Cost for Production 350,000 Demand 40,000 Model  Unit Price 47 Quantity Sold 38,000 Rev enue  Unit Cost 22 QuantityProduced 38,000 Variable Cost  Fixed Cost 350,000 Profit \begin{array}{|l|l|}\hline\begin{array}{l}\text { Profit Model for Lazarus } \\\text { Shoe Company for } \\\text { January }\end{array} & \text { (All cost in } \$) \\\hline & \\\hline \text { Unit Price } & 47 \\\hline \text { Unit Cost } & 22 \\\hline \text { Fixed Cost for Production } & 350,000 \\\hline \text { Demand } & 40,000 \\\hline & \\\hline \text { Model } & \\\hline & \\\hline \text { Unit Price } & 47 \\\hline \text { Quantity Sold } & 38,000 \\\hline \text { Rev enue } & \\\hline & \\\hline \text { Unit Cost } & 22 \\\hline \text { QuantityProduced } & 38,000 \\\hline \text { Variable Cost } & \\\hline \text { Fixed Cost } & 350,000 \\\hline & \\\hline \text { Profit } & \\\hline\end{array}
-Calculate the revenue for units sold.


A) $836,000
B) $1,136,000
C) $600,000
D) $1,786,000

Correct Answer:

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