Circle K operates a number of convenience stores worldwide. Assume that an analysis of operating Circle K
Question:
Circle K operates a number of convenience stores worldwide. Assume that an analysis of operating Circle K costs, customer sales, and customer patronage reveals the following:
Required Determine the city population required for a single Circle K to earn an annual profit of $40,000.
Transcribed Image Text:
Fixed costs per store Variable cost ratio... Average sale per customer visit. Average customer visits per week Customers as portion of city population $80,000.00/year 0.80 $15.00 1.75 0.04
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