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5. Joe and Sue own a boutique in Highland Village. This boutique sells only custom made belts and matching cowboy boots, and the set sells
5. Joe and Sue own a boutique in Highland Village. This boutique sells only custom made belts and matching cowboy boots, and the set sells for $1,000. They estimate that the leather and stitching run about $210 per set and their in house craftsman gets paid $300 to make each set. Joe and Sue take salaries of $10,000/month. Since they own the building their other ancillary costs are electricity of $250/month and other utilities run about $175/month. How many sets do they need to sell to break even? How much are their break even revenues? Tommy Taylor's company, Tom's Terrific Tattooed Toothpicks, consists of a machine in his closet that imprints a design on a toothpick. It costs $.01 to tattoo (print) each toothpick and $100 a month to rent the machine from his friend, Tony Tallis (who incidentally is married to Tommy's sister, Telisa). Tommy tenders his tiny toothpicks to talkative tourists, primarily from Turkey, Thailand and Turks and Caicos. 1S If Tom's Terrific Tattooed Toothpicks is selling toothpicks for $.03 each, can you tabulate how many toothpicks must they sell in order to break-even? In other words, using your best teamwork, how many toothpicks must Tommy tender to tip the scales from loss to profit? I hope you can tolerate this task. Take your time. Thanks. Finally, how much legal tender would Tommy take if he had no profit or loss to make
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