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Please help me find the answers at the bottom. thanks! Customer-Level Planning 77E|even operates a number of convenience stores worldwide. Assume that an analysis ofoperating
Please help me find the answers at the bottom. thanks!
Customer-Level Planning 77E|even operates a number of convenience stores worldwide. Assume that an analysis ofoperating costs, customer sales, and customer patronage reveals the following: Fixed costs per store $60,000/year Variable cost ratio 0.80 Average sale per customer visit $14.00 Average customer visits per week 1.50 Customers as portion of city population 0.05 Determine the city population required for a single 77E|even to earn an annual profit of $40,000. Round annual contribution per customer to two decimal places. For customers required for desired profit and required population, round up to the nearest whole number (i.e., 325.333 customers = 326) Annual contribution per customer 5 500,000 3: Customers required for desired prot 0 x Required population 0 xStep by Step Solution
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