Jerry Smith has found a location on Tremont Street in Boston to open a pizza and sub shop. The store size is 1,400 square feet and it requires about $110 per square foot in renovation, fixtures and equipment (this is balance sheet item not an income statement item, also not calculated in cash flow). The rent for the said location is $69,973 per year. Jerry is planning to be open 7 days a week 15 hours per day. Jerry projects the store sales per day to be $2,200 (7 days a week 52 weeks a year). In addition, Jerry is counting on having 3 employees at all time in the store at an average pay of $15 per hour. Jerry has contacted you to help him to determine the following on an annual basis Sales/Revenues $ COGS $ COGS % Gross Profit \$ Gross margin \% Variable Cost \$ Contribution margin \$ Contribution margin \% Fixed Cost\$ EBITDA S Break Even point sales $ Jerry has supplied you with the following information: T miadie oI the month is week 5 end of the month is week 4 ist the store's cash cash is $6,500. Jerry Smith has found a location on Tremont Street in Boston to open a pizza and sub shop. The store size is 1,400 square feet and it requires about $110 per square foot in renovation, fixtures and equipment (this is balance sheet item not an income statement item, also not calculated in cash flow). The rent for the said location is $69,973 per year. Jerry is planning to be open 7 days a week 15 hours per day. Jerry projects the store sales per day to be $2,200 (7 days a week 52 weeks a year). In addition, Jerry is counting on having 3 employees at all time in the store at an average pay of $15 per hour. Jerry has contacted you to help him to determine the following on an annual basis Sales/Revenues $ COGS $ COGS % Gross Profit \$ Gross margin \% Variable Cost \$ Contribution margin \$ Contribution margin \% Fixed Cost\$ EBITDA S Break Even point sales $ Jerry has supplied you with the following information: T miadie oI the month is week 5 end of the month is week 4 ist the store's cash cash is $6,500