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 Concessions will need to pay to The State Fair assuming it meets its expected sales level for each of the days of the fair? 3. Assume that variable costs are % of sales revenue. (This % includes the % concession fee charged by The State Fair.) How much in total sales revenue is needed for Concessions to break even? 4. Calculate Concessions' margin of safety both in dollars and percentage. pop-up content ends
Requirements 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 Stellar Concessions will need to pay to The Texas State Fair assuming it meets its expected sales level for each of the 15 days of the fair? 3. Assume that variable costs are 70% of sales revenue. (This 70% includes the 18% concession fee charged by The Texas State Fair.) How much in total sales revenue is needed for Stellar Concessions to break even? 4. Calculate Stellar Concessions' margin of safety both in dollars and percentage. Print Done The Texas State Fair is one of the largest state fairs in the United States. (Click the icon for additional information about the fair.) Stellar Concessions is a vendor at the fair. (Click the icon to view additional information about Stellar Concessions.) . Read the requirements Assume the following schedule of fees for food vendors at the Texas State Fair: (Click the icon to view the schedule of fees.) 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 fixed? Fee Fixed/Variable Concession fees Electrical service Employee wages Fair admission fees Ground service fees Parking permit fees More info $13 per linear foot for ground service fees (front footage x depth) 18% of concessions (food sales) $55 per 15-day parking permit $300 for 100-amp electrical service $20 per 15-day fair admittance pass (one is included with basic rental agreement) Print Done Requirements 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 Stellar Concessions will need to pay to The Texas State Fair assuming it meets its expected sales level for each of the 15 days of the fair? 3. Assume that variable costs are 70% of sales revenue. (This 70% includes the 18% concession fee charged by The Texas State Fair.) How much in total sales revenue is needed for Stellar Concessions to break even? 4. Calculate Stellar Concessions' margin of safety both in dollars and percentage. Print Done The Texas State Fair is one of the largest state fairs in the United States. (Click the icon for additional information about the fair.) Stellar Concessions is a vendor at the fair. (Click the icon to view additional information about Stellar Concessions.) . Read the requirements Assume the following schedule of fees for food vendors at the Texas State Fair: (Click the icon to view the schedule of fees.) 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 fixed? Fee Fixed/Variable Concession fees Electrical service Employee wages Fair admission fees Ground service fees Parking permit fees More info $13 per linear foot for ground service fees (front footage x depth) 18% of concessions (food sales) $55 per 15-day parking permit $300 for 100-amp electrical service $20 per 15-day fair admittance pass (one is included with basic rental agreement) Print Done
