A 4-column table has 7 rows. The first column is labeled Bikes produced per day with entries 0, 1, 2, 3, 4, 5, 6, 7. The second column is labeled Total cost with entries 0, 80, 97, 110, 130, 160, 210, 270. The third column is labeled Total revenue with entries 0, 50, 100, 150, 200, 250, 300, and 350. The fourth column is labeled Profit with all blank entries. Using this table, calculate the profit at each level of bicycle production. One bike: -$ Two bikes: $ Three bikes: $ Four bikes: $ Five bikes: $ Six bikes: $ Seven bikes: $

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22-02-2020
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A 4-column table has 7 rows. The first column is labeled Bikes produced per day with entries 0, 1, 2, 3, 4, 5, 6, 7. The second column is labeled Total cost with entries 0, 80, 97, 110, 130, 160, 210, 270. The third column is labeled Total revenue with entries 0, 50, 100, 150, 200, 250, 300, and 350. The fourth column is labeled Profit with all blank entries. Using this table, calculate the profit at each level of bicycle production. One bike: -$ Two bikes: $ Three bikes: $ Four bikes: $ Five bikes: $ Six bikes: $ Seven bikes: $

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monica789412 monica789412 · Answer 1 · 2020-02-29T06:12:06+01:00

At each level of bicycle production profits are -$30 for the 1st bike produced,$3 for second bike produced,$40 for third bike,$70 for fourth bike,$90 for fifth bike, $90 for sixth bike, $80 for Seventh bike.

Explanation:

1st column is the column the bike is produced.
2nd column is the column each bike cost.
3rd column is the column total revenue on the bike.
4th column is the of profit.
In order to calculate profit Revenue is subtracted from total cost.
Profit is negative for one bike and the rest is positive.
If the production of the bike is more which can intend to have higher.
Profits using excel sheet on determining the profit will be included.

sohail09753 sohail09753 · Answer 2 · 2022-01-01T10:41:22+01:00

The profits at each level of bicycle production varies with the total cost, total revenue, and level of production, the profits are as follows:

One bike: -$30

Two bikes: $3

Three bikes: $40

Four bikes: $70

Five bikes: $90

Six bikes: $90

Seven bikes: $80

The profit is the amount retained by the business after paying off the expenses and other costs. It is determined by preparing the profit and loss account at the end of each financial year.

The formula used to determine the profit is:

[tex]\rm{Profit}=\;Total\;Revenue\;-\;Total\;Cost[/tex]

The computation of profit for each production level is shown in the image attached below.

To know more about profits, refer to the link:

https://brainly.com/question/1494270