Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Alice is planning to open up a sandwich shop. An estimate of her costs/revenues are as follows: average sales price perisandwich: $12.75; yearly rent: $24,000;

image text in transcribed
image text in transcribed
Alice is planning to open up a sandwich shop. An estimate of her costs/revenues are as follows: average sales price perisandwich: $12.75; yearly rent: $24,000; monthly fixed utility bill: $800; average cost of ingredients per sandwich: $6.55; monthly labour bill (fixed): $10,500; miscellaneous fixed supplies/month: $100; misc. variable supplies: $1.45 per sandwich. How many additional sandwiches does she need to sell per month to breakeven on an advertising campaign costing $1,800 per month? 212 units 398 units 204 units 379 units Your company produces a sports magazine. In 2020, it's first year in operation, it sold $169,000 of one-year subscriptions, of which only 50% had expired by December 31, 2020. In 2021, it sold $597,750 of one-year subscriptions, of which 80% had expired by December 31,2021 . Given the above information, how much revenue would be shown on the Company's January to December 2021 Income Statement? $430,050$265,300$562,700$416,700

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Integrating Program Management And Systems Engineering Methods Tools And Organizational Systems For Improving Performance

Authors: Eric Rebentisch

1st Edition

1119258928, 1119259150, 9781119258926, 9781119259152

More Books

Students also viewed these General Management questions

Question

What is Tax Planning?

Answered: 1 week ago

Question

Explain the importance of Physical distribution.

Answered: 1 week ago