Homework: CH7 Save Score: 0.51 of 3 pts 5 of 9 (5 complete) HW Score: 41.71%, 12.51 of 30 pts More Info X Question Help The sions is a vendor at the fair, icon to view additional Information about Lunar Concessions.) Assu Fair: lirements It has a food booth that requires 10 feet of front frontage and is 7 feet deep. Lunar Concessions expects to have sales averaging $5,000 per day for each of the 15 days of the fair. It has a total of five employees who will work the fair throughout the entire 15-day period. Lunar Concessions pays for each employee's fair admission and parking. Assume that the employee wages for the 15-day period are expected to total $10,500. Grou Pard Print Done Reqy of the ring State Fair assuming it meets its expected sales level for each More Info Vard Fixe $6 per linear foot for ground service fees (front footage x depth) 10% of concessions (food sales) $20 per 15-day parking permit $240 for 100-amp electrical service $35 per 15-day fair admittance pass (one is included with basic rental agreement) Total Total Print Done Choose from any list or enter any number in the input fields and then click Check Answer. 3 parts remaining Clear All Check Answer Homework: CH7 Save Score: 0.51 of 3 pts 5 of 9 (5 complete) HW Score: 41.71%, 12.51 of 30 p More Info - X Question Help Concessions is a vendor at the fair. Elick the icon to view additional Information about Lunar Concessions.) the requirements. It draws nearly one million visitors over the fifteen-day period each July and August. The fair is a non-profit 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 food vendors offer a wide variety of fair foods to attendees, including funnel cakes, gyros, cotton candy, milkshakes, and com dogs. i Requirements The Wyoming State Fair assumingit meets its expected sales level for each - 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? 2. What is the projected total fee that Lunar Concessions will need to pay to The Wyoming State Fair assuming it meets its expected sales level for each of the 15 days of the fair? 3. Assume that variable costs are 70% of sales revenue. (This 70% Includes the 10% concession fee charged by The Wyoming State Fair.) How much in total sales revenue is needed for Lunar Concessions to break even? 4. Calculate Lunar Concessions' margin of safety both in dollars and percentage. Print Done bwe 3 parte remaining Clear All Check Answer Homework: CH7 Sau Score: 0.51 of 3 pts 5 of 9 (5 complete) HW Score: 41.71%, 12.51 of 30 %E7-29A (similar to) Question Help The Wyoming State Fair is one of the largest state fairs in the United States. Lunar Concessions is a vendor at the fair, Click the icon for additional information about the fair.) (Click the icon to view additional information about Lunar Concessions.) Assume the following schedule of fees for food vendors at the Wyoming State Read the requirements Fair: Click the icon to view the schedule of fees.) Ground Service fees Parking permit foes Requirement 2. What is the projected total fee that Lunar Concessions will need to pay to The Wyoming State Fair assuming it meets its expected sales level for each of the 15 days of the fair? Foxed Fixed Variable Fee: Concession fees Fixed Fee Ground service fees Electrical service Employee wages Parking permit fees Total Fixed Fee Total Fee to The Wyoming State Fair Choose from any list or enter any number in the input fields and then click Check Answer 3 parts remaining Clear All Check
