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An Italian bakery on Franklin Avenue is famous for its cakes. The bakery sells its cakes for $16.00 to the public. The cost for the
An Italian bakery on Franklin Avenue is famous for its cakes. The bakery sells its cakes for $16.00 to the public. The cost for the ingredients and labor to make the cake are S6.75 per cake, and the fixed costs for the bakery for one month are $2,035. a) Assuming that this bakery only sells cakes, what is the break-even point in number of cakes for one month? (your answer may not be a whole number). b) During April, this bakery sells 1,300 cakes. What is the expected net income (loss)
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