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Gloria is planning on opening a cake shop. She has found a location that rents for $14,255 per year and it will cost her another
Gloria is planning on opening a cake shop. She has found a location that rents for $14,255 per year and it will cost her another $13,683 to furnish the shop and purchase all the necessary equipment. She plans on charging $16 for a cake and it will cost her $4 per cake for ingredients and $1.59 per cake for decorations and $1.85 per cake for the beautiful, colorful to-go boxes. What is the dollar breakeven point she will need to earn to cover her costs in the first year? Round to the nearest whole number
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