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It has a food booth that requires 13 feet of front frontage and is 13 feet deep.
Concessions expects to have sales averaging $5,000 per day for each of the 14days of the fair. It has a total of three employees who will work the fair throughout the entire 14-day period.
Solar Concessions pays for each employee's fair admission and parking. Assume that the employee wages for the 14-day period are expected to total $7,107.
Solar Concessio (Click theic Read the Requirements The Wyoming State Fair is one of the largest state fairs in the United States. (Click the icon for additional information about the fair) Assume the following schedule of fees for food vendors at the Wyoming State Fair (Cick the icon to view the schedule of fees) 1. Of the fees listed in the schedule, which fees are variabls with respect to the number of customers at the booth? Which fees are fixed? 2. What is the projected total fee that Solar Concessions will need to pay to The Fair assuming it meets its expected sales level for each of the Wyoming State 14 days of the fair? Assume that variable costs are 70% of sales revenue (This 70% ncludes the 20% concession fee charged by The Wyoming State Fair) How much in total gales revenue is needed for Solar Concessions to break even? Calculate Solar Concessions' margin of safety both in dollars and percentage Requirement 1. Of the fees listed in the schedule, which fees are variable with respect to the number of customers at the booth? Which fees are fixed? Fee Concession fees Electrical service Employee wages Far admission fees Ground service fees Parking permit fees Requirement 2. What is the projected total fee that Solar Concessions will need to pay to The Wyoming State Fair assuming it meets its expected sales laal for each of the 14 days of the fair? Variable Fee: FixedVariable 3. Variable Fixed Fixed Fixed Fixed Fixed 4. Print Done More Into More Info 6000 Fixed Fee Ground service fees It draws nearly one million visitors over the fourteen-day period each July and August The fair is a non-prafit organization It is self-supporting and needs, at a minimum, to break even by generating revenues through various activities. Among the sources of revenue for The Wyoming State Fair are the revenues generated from the food vendors. A number of foad vendors offer a wide variety of fair foods to atendees, including funnel cakes, gyros, cotton candy, mikshakes, and com dogs $12 per linear foot for ground service fees (front footage x depth) * 20% of concessions (food sales $45 per 14-day parking permit $260 for 100-amp electrical service $35 per 14 day fair admittance pass (one is included with basic rental Choose from any list or enter any number in the input fields and then click Check Answer agreement) parts
