Suppose a company's revenue R (in dollars) from the sale of x units of its product is given by R = 320x. Suppose further that the total costs C (in dollars) of producing those x units is given by C = 70x + 20,000.
a. If profit is revenue minus cost, find an expression for the profit from the production and sale of x units.
b. Find the profit received if 4000 units are sold.

Evelyn would like to open a small business that is categorized as a being in the distribution industry. to do this she could open a establishment.

Analyzing and computing accrued warranty liability and expense waymire company sells a motor that carries a 60-day unconditional warranty against product failure. from prior years' experience, waymire estimates that 2% of units sold each period will require repair at an average cost of $100 per unit. during the current period, waymire sold 69,000 units and repaired 1,000 units. (a) how much warranty expense must waymire report in its current period income statement? (b) what warranty liability related to current period sales will waymire report on its current period-end balance sheet? (hint: remember that some units were repaired in the current period.) (c) what analysis issues must we consider with respect to reported warranty liabilities?

For 2016, gourmet kitchen products reported $22 million of sales and $19 million of operating costs (including depreciation). the company has $15 million of total invested capital. its after-tax cost of capital is 10%, and its federal-plus-state income tax rate was 36%. what was the firm’s economic value added (eva), that is, how much value did management add to stockholders’ wealth during 2016?