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help please!!!!! due in 45 mins El Charro Food Truck is a Mexican Food Truck that ppecializes in Mexican Street Food. The owner is considering
help please!!!!! due in 45 mins
El Charro Food Truck is a Mexican Food Truck that ppecializes in Mexican Street Food. The owner is considering introducing a poplar Mexican street food item, Elotes. Elotes is Spicy Grilled Mexican Street Corn and they are considering it because a lot of people have been asking for it. They decided to sell a farmily size Elotes bowl Before they introduce their Elotes, they wast to nin some numbers to make sure it will be a good financial deciaion. As such, they asked yod to thelp them with their numbers. Here are numbers they need help with. Owner's Salary: $5,000 Corn on the Cob; 52 Utilities 51000 Clantro: 50.40 Food Truck Rental: $8,000 Equipment: $6,000 Mnyonnatie 51.60 rectet ingredicot $3.00 waget paid per Elotes: $3,00 in Coenecticut. The company plans to use penetration pricing and as soch decides to acli their Elotes for s0\% of the averege price of ehocolare sold in Connectecut. Uno the numbers jronded above to anwer questiues below, Make sure that you show all formulas and also show all your calculations since there will be points awarded for the formula and calculations. Formutas are attached to the back of this test. 1. The company wans you to calculue (20 points) a. Hew many notes boes they necd to sell to break even. b. The value (in doltare) of the number of motes boxs they oesd to sell to break even. c. What proportine of maket thare wil they be capturing if all they do is sell chough Iilotes to break cven? They also project that they will be able to sell the equivalent of 1% of the Blotes sold in Connecticut. Use the number provided above to anwwer queutions below. Make sure that you show all formulas and also show all your caleulations since there will be points awarded for the formula and calculations. Formulas are attached to the back of this test. 1. The company wants you to calculate (20 points). a How magy Elotes boxes they nocd to sell to break even. b. The value (in dollars) of the number of Elotes boxes they need to sell to becak even: c. What proportiof of market share will they be copturing if all they do is iell enough Elotes to break even? cyoarion. (20 points) 2 Create a Proforma Thiome Statemint using the information providod in the pages above, The Cosr of Coode Sold in this icenario is equal to the Toul Variable Cost. Focus on the quantities sold that are asseciated with the Profit equation calculation in question 2 . Not the becak eves guatities. (20 points) a. What wat it Chanos's trade mantis be? b. What wall 10 Chartos's trade marsin 96 be? e. What wit Whitiart's trade margin be? d What will Walmars's trule mantis 4 be Step by Step Solution
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