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 per sandwich: $

Alice is planning to open up a sandwich shop. An estimate of her costs/revenues are as follows: average sales price per sandwich: $13.75; yearly rent: $18,000; monthly fixed utility bill: $900; average cost of ingredients per sandwich: $4.63; monthly labour bill (fixed): $11,500; miscellaneous fixed supplies/month: $250; misc. variable supplies: $2.48 per sandwich.
Her contribution margin per sandwich is
$6.64
$8.48
$6.00
$7.42
image text in transcribed

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

Project Management Book Of Templates

Authors: Navaid Ur Rehman

1st Edition

9798719847344

More Books

Students also viewed these General Management questions

Question

What opportunities exist for raises and advancement?

Answered: 1 week ago

Question

Describe the Big Five personality dimensions.

Answered: 1 week ago

Question

Identify three personal human relations goals for the course.

Answered: 1 week ago