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Matt Schmidt has spent $750 for a tent, table, and chairs for his lemonade stand. He figures he can sell a glass of lemonade in

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Matt Schmidt has spent $750 for a tent, table, and chairs for his lemonade stand. He figures he can sell a glass of lemonade in the park to Little League Players for $.75. His cost per drink is estimated to be $.20. He also has to cover napkins, cups, and other variable costs estimated to be $.05 per glass of lemonade sold. He will open his business on June 1(a Monday) and be open five days each week for the summer months of June-August. He will pay his parents $2 each day to transport him and his materials to and from the park. Matt projects daily sales of 100 glasses of lemonade. 1. What is his contribution margin? (use 2 decimal places for the cents, ex: .44) 2. What is his breakeven point in units? (enter whole numbers only, no decimals)

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