Question
Michelle runs a gourmet poutine stand, selling $8 poutine. Michelle is the only employee, and she pays herself a salary of $15/hour. Her other costs
Michelle runs a gourmet poutine stand, selling $8 poutine. Michelle is the only employee, and she pays herself a salary of $15/hour. Her other costs include $1.50 for each serving of French fries, $1.10 for each serving of cheese, and an average of $0.35 per order for gravy. In addition, she has a $500/month lease on a car that she uses to transport supplies and ingredients to her stand. This month, Michelle has also needed to buy a space heater for $250 because the winter has been extreme. How much will she have left over to cover fixed costs? For every $1 she earns she will have between $0.70-$0.75 left over for fixed costs For every $1 she earns she will have between $0.60-$0.65 left over for fixed costs For every $1 she earns she will have between $0.50-$0.55 left over for fixed costs Cannot determine based on the information provided
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