Question
In your first week operating the cafe, you only expect sales of 280 medium cups of coffee daily, Monday through Friday. You plan to sell
In your first week operating the cafe, you only expect sales of 280 medium cups of coffee daily, Monday through Friday. You plan to sell the specialty coffee for at $3.20 each. You also know that variable costs (coffee, cups, milk, etc.) average $0.60 per cup and weekly fixed expenses (rent, wages, etc.) are $5,800.
▲ ▼What will be your revenues (dollar sales) for one week?
▲ ▼ What is your dollar margin for a cup of coffee?
▲ ▼ What are your total costs for the week?
▲ ▼ What is your total cash flow for the week presuming all expenses are paid as they occur?
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Business Statistics
Authors: Norean Sharpe, Richard Veaux, Paul Velleman
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