Answered step by step
Verified Expert Solution
Question
1 Approved Answer
An Italian bakery on Franklin Ave is famous for its cakes. The bakery sells its cakes for $14.95 to the public. The cost for the
An Italian bakery on Franklin Ave is famous for its cakes. The bakery sells its cakes for $14.95 to the public. The cost for the ingredients and labor to make the cake are $8.95 per cake, and the fixed cost for the bakery for one month are $1,860.
a.) assuming that this bakery only sells cakes, what is the break-even point in number of cakes? (your answer may not be a whole number)
b.)This bakery sells 1,500 cakes for the month of April. What is the expected net income (loss)?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started