Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Denair Fine Wines, Inc., is planning to bring out a higher-quality wine product than any currently available in Stanislaus County. Theyve decided on selling the

Denair Fine Wines, Inc., is planning to bring out a higher-quality wine product than any currently available in Stanislaus County. Theyve decided on selling the blended, fortified wine in 750 ml bottles under the name Chateau St. Stanislaus Moondoggie Reserve and is aiming at introducing the product at this years Graffiti Week celebration at a unit price of $6.99. Bottles cost 15 cents apiece, the screw caps 3 cents apiece, the raw grape juice can be purchased in any quantity at 12 cents per liter, fermentation for one week in Tupperware casks will cost 2 cents per liter, and packing and shipping to the event will cost 20 cents per bottle. All overhead and salary for the project amounts to $8750. How many bottles do they need to sell to breakeven? Show all work for credit. Be careful in your calculations, and show all your work.

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

Analysis For Financial Management

Authors: Robert Higgins

6th Edition

0071181172, 9780071181174

More Books

Students also viewed these Finance questions

Question

List the legal elements of fraud.

Answered: 1 week ago

Question

=+b) Between what lengths do the central 50% of these courses lie?

Answered: 1 week ago

Question

Discuss the value of adult learning theory to HRD interventions

Answered: 1 week ago

Question

Conduct a task analysis for a job of your choosing

Answered: 1 week ago