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Norman owns a caf. Normans caf sells only one type of coffee. The fixed cost of the caf per month is $10,000. The selling price
Norman owns a caf. Normans caf sells only one type of coffee. The fixed cost of the caf per month is $10,000. The selling price of each coffee is $7 and the variable cost per coffee is $2. In the month of April, Normans caf sold 3700 coffees. At the end of April, has the caf broken even? If yes, how much by? If not, how many dollars short was the caf? (In either case, use Net Operating Income/(Loss))
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