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You are opening a limited-time pop-up coffee stall in your campus's business building. Your pop-up will use the space of an existing sandwich shop that
You are opening a limited-time pop-up coffee stall in your campus's business building. Your pop-up will use the space of an existing sandwich shop that is only open from 11:00 a.m. to 2:00 p.m. Monday through Friday. Your coffee stall will be open from 3:00 p.m. through 9:00a.m. the three weeks leading up to and during midterms and finals weeks. The sandwich shop already has a lot of things you need, like refrigerator space and display counters, but it doesn't have any coffee equipment. Your university approved your pop-up for this semester, but those in charge want to see if you are successful before they approve your opening again in future semesters. Match each of the following data points you collected while operating your pop-up to an explanation of how you could use it to show your university where your pop-up was succcessful or failed. 1. Total number of coffees sold (including all types) You need to sell at least 606 cups of coffee to break even on the ingredient cost. If 2. Total amount earned (before depreciation) 3. 4. Cost of all ingredients and supplies purchased Cost of fixed asset purchases (like espresso machine) Using 2, 3, 4, and 5 to determine recovery on initial investment. Pop-up already ea Using 2, 3, 4, and 5 to determine recovery on initial investment. Pop-up already ea Using 2, 3, 4, and 5 to determine recovery on initial investment. Pop-up already ear 5. Cost of paying baristas 6. Average wait time (length of line) 7. Total number of students who had finals during this time Total number of customers Can be used with 3 and 5 to determine profits. PROFIT would be $6,334.00. Can be used to forecast the need for ingredients, paper products (cups, napkins, et Can be used with 7 to see what percentage of students were customers. Create a* Can be used with 8 to see what percentage of students were customers. This could 3 8
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