please show work as well, thanks!
Parking permit foes Fixed Requirement 2. What is the projected total fee that Nova Concessions will need to pay to The Arizona State Fair assuming it meets is expected sales level for each of the 10 days of the fair? Variable Fee Concession food $ 4.500 Fixed Fee e Ground service fous $ 1.050 tie Parking permit focs 195 Electrical service 240 et 50 Far admission fees 5 Total Fixed Foo 1,561 5 Total Foto The Arcona State Fair 1.041 Requirement 3. Assume that variable costs are 80% of sales revenue. (This includes the 10% concession to charped by The Moon foto www much total sales revenue is nooded for Nova Concessions to break even? spe $ 4.500 s 1,056 Concession fees Faced Foe Ground service fees Parking permit foes 195 Electrical service 240 Fair admission foes 50 Total Fed Foe $ Total Fee to The Arizona State Fair Requirement 3. Assume that variable costs are 80% of sales revenue. (This 80% includes the 10% concession for charged by The Arizona State Fair) How much in total sales revenue is needed for Nova Concessions to break even? Identify the formula and then compute the breakeven point in dollars. (Complete all input fields. Enter and for any zero amounts. Enter ratios, ill any, as a decimal to two places, XXX) Fixed expenses Operating income Contribution margin ratio - Breakeven sales in dollars 11444 1.541 $ 6,041 0 0.20 57220 Chapter 07 Graded Homework 2 of 5 12 completo) HW Score: 18 ilar to) More info More Info Nova Cond (Click Read the 56 per linear foot for ground service foes (front footage depth) 10% of concessions dood sales) $65 per 10-day parking permit $240 for 100-amp electrical service $25 per 10-day fair admittance pass one is included with basic rental agreement It has a food booth trust request foot of frontfrontage and is 11 feet dorp. Nova Concessions expects to have sales averaging 54,500 per day for each of the 10 days of the far it has a total of the employees who will work the far throughout the entre 10-day period. Nova Concessions pays for each employee's far admission and parking Assume that the employee wages for the 10-day periode expected to total $6.460 Print Done Print Done ays of the air 4,500 It draws nearly one million visitors over the-day period each July and August The fair is a non-profit organizationIt is soll sporting and needs at a minum to break even by generating revenues fough various activities Among the $ 1.050 sources of revenue for The Arizona State Fair at the revenues generated on the 105 food vendors. A number of food vendors fer a wide variety of fair foods to attendees, including fuck, gyros, ocionandy, mikshakes, and .com dogs 240 50 305 Print Done 1541 6041 ona State Far ume that variable costs we 80% of revenue (This 80% indudes the 10Concessione charged by The Arizona State Fair How much in total sales reverseded for Nova Central and the compute the breakeven point in dollar (Complete a outfits Enter of for any mounts Enterratos, iary ma malo topo XXX) Operating income Contribution margin ratio - Dreven in dollar 57220
