Question
Note: When calculating ratios in the middle of a question, carry your values out to a minimum of 4 decimals (Ex. 0.4563 or 45.63%) or
Note: When calculating ratios in the middle of a question, carry your values out to a minimum of 4 decimals (Ex. 0.4563 or 45.63%) or your final answer will be incorrect.
Books and Biscuits is a local bookstore with an attached coffee shop and bakery. The average selling price of its most popular pastry--the crumblicious berrycake--is $5.45 per pastry and variable expenses are $2.13 per pastry. The shop sells more than just the berrycake, but they assess the target sales of each product independently.
If fixed expenses directly traceable to the crumblicious berrycake each month are $2,600, at what level of sales (in dollars) would the crumbleicious berrycake reach a target net operating income of $5,508? Round your final answer to two decimals.
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