need help please explain
The New Hampshire State Fair is one of the largest state fairs in the United States. (Click the icon for additional information about the fair.) Assume the following schedule of fees for food vendors at the New Hampshire State Fair: (Click the icon to view the schedule of fees.) Nebula Concessions is a vendor at the fair. (Click the icon to view additional information about Nebula Concessions.) Read the reguirements. Requirement 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 ficed? Requirement 2. What is the projected total fee that Nebula Concessions will need to pay to The New Hampshire State Fair assuming it meets its expected Kequirement 2 . What is the projected total tee that Neoula Loncessions wil need to pay to ine New Hampsnire state Fair assuming if meets its expected sales level for each of the 14 days of the fair? Requirement 3. Assume that variable costs are 60% of sales revenue. (This 60% includes the 14% concession fee charged by The New Hampshire State Fair.) How much in total sales revenue is needed for Nebula Concessions to break even? Identify the formula and then compute the breakeven point in dollars. (Completo all input fields. Enter a " 0 for any zoro amounts. Enter ratios, if any, as a decimal to two places, XX.) Requirement 4. Calculate Nebula Concessions' margin of safety both in dollars and percentage. First calculate Nebula Concessions' margin of safety in dollars. Identify the formula, then enter the amounts to caiculate the margin of safety in dollars. More info It draws nearly one million visitors over the fourteen-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 New Hampshire 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 corn dogs. More info - $8 per linear foot for ground service fees (front footage x depth) - 14% of concessions (food sales) - \$35 per 14-day parking permit - $280 for 100 -amp electrical service - $20 per 14-day fair admittance pass (one is included with basic rental agreement) More info It has a food booth that requires 19 feet of front frontage and is 10 feet deep. Nebula Concessions expects to have sales averaging $5,000 per day for each of the 14 days of the fair. It has a total of four employees who will work the fair throughout the entire 14-day period. Nebula Concessions pays for each employee's fair admission and parking. Assume that the employee wages for the 14-day period are expected to total $6,800. 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 Nebula Concessions will need to pay to The New Hampshire State Fair assuming it meets its expected sales level for each of the 14 days of the fair? 3. Assume that variable costs are 60% of sales revenue. (This 60% includes the 14% concession fee charged by The New Hampshire State Fair.) How much in total sales revenue is needed for Nebula Concessions to break even? 4. Calculate Nebula Concessions' margin of safety both in dollars and percentage
