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Math Help - I think Netcome

  1. #1
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    I think Netcome

    I think this question is break even analysis or Net income not sure but am having all kinds of problems with this questions

    The woodstock plant of Goodstone Tires manufactures a single line of automobile tires. In it's first fiscal quarter, the plant had total revenue of $4 500 000 and net income of $900 000 from the production and sale of 60 000 tires. In the subsequent quarter, the net income was $700 000 from the production and sale of $50 000 tires. Calculate the unit selling price, the total revenue in the second quarter , the variable costs per tire, and the total fixed costs per calender quarter
    Last edited by diehardmath4; June 29th 2009 at 06:50 AM. Reason: mistakes
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  2. #2
    MHF Contributor
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    well...

    R = total revenue in the second quarter

    (4,500,000 - 900,000) / 60,000 = (R - 700,000) / 50,000
    R = 3,700,000
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