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The following information applies to the questions displayed below.] Angie Silva has recently opened The Sandal Shop in Brisbane, Australia, a store that specializes in

The following information applies to the questions displayed below.]

Angie Silva has recently opened The Sandal Shop in Brisbane, Australia, a store that specializes in fashionable sandals. In time, she hopes to open a chain of sandal shops. As a first step, she has gathered the following data for her new store:

Sales price per pair of sandals $ 34
Variable expenses per pair of sandals 17
Contribution margin per pair of sandals $ 17
Fixed expenses per year:
Building rental $ 12,800
Equipment depreciation 12,800
Selling 10,200
Administrative 15,200
Total fixed expenses $ 51,000

3. Angie has decided that she must earn a profit of $34,000 the first year to justify her time and effort. How many pairs of sandals must be sold to attain this target profit?

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