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Customer-Level Planning 7-Eleven operates a number of convenience stores worldwide. Assume that an analysis of operating costs, customer sales, and customer patronage reveals the following:

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Customer-Level Planning 7-Eleven operates a number of convenience stores worldwide. Assume that an analysis of operating costs, customer sales, and customer patronage reveals the following: Fixed costs per store $100,000/year Variable cost ratio 0.80 Average sale per customer visit $19.00 Average customer visits per week Customers as portion of city population 0.05 1.50 Determine the city population required for a single 7-Eleven to earn an annual profit of $40,000. Round annual contribution per customer to two decimal places. For customers required for desired profit and required population, round up to the nearest whole number (i.e., 325.333 customers = 326) Annual contribution per customer $ 3,500,000 x Customers required for desired profit 0 Required population X OX Check

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