Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Having issues with number 8 and the image above number 11. 8. Wanda wants to open a health- food store. She pays rent of $1,500

Having issues with number 8 and the image above number 11.

8. Wanda wants to open a health- food store. She pays rent of $1,500 per month, utilities of $500, insurance of $100 per month, and payroll of $1250. She estimates that her cost of goods is approximately 65 percent of sales. Wanda would like to make $2000 a month for herself.

A. What is Wanda's contribution Margin?

B. How much does she need in monthly sales to break even?

C. How much does she need in monthly sales to make a profit of $2000?

D. Construct a break-even chart for Wanda's health- food store?

image text in transcribed

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_2

Step: 3

blur-text-image_3

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

Principles Of Finance

Authors: Besley, Scott Besley, Eugene F Brigham, Brigham

4th Edition

0324655886, 9780324655889

More Books

Students also viewed these Finance questions