The Weaver Watch Company sells watches for $20, the fixed costs are $150,000, and variable costs are $15 per watch.
1.What is the firm's gain or loss at sales of 10,000 watches? Enter loss (if any) as negative value. Round your answer to the nearest cent.
2.What is the firm's gain or loss at sales of 19,000 watches? Enter loss (if any) as negative value. Round your answer to the nearest cent.
3.What is the break-even point? Round your answer to the nearest whole.
4.What would happen to the break-even point if the selling price was raised to $34 but variable costs rose to $22 a unit? Round your answer to the nearest whole.