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Golden Gate Novelties ( GGN ) sells souvenir key chains at the local airport. GGN charges $ 1 6 . 0 0 per chain. The
Golden Gate Novelties GGN sells souvenir key chains at the local airport. GGN charges $ per chain. The variable cost for a chain, including the wholesale cost of the chain, packaging, the commission paid to the airport operator, and so on is $ The annual fixed cost for GGN is $
Required:
a How many cases must Golden Gate Novelties sell every year to break even?
Note: Do not round intermediate calculations.
b The owner of GGN believes that the company can sell chains a year. What is the margin of safety in terms of the number of chains?
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