Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You are trying to figure out how many cupcakes you need to sell from your new food truck in order to break even. The

image text in transcribed

You are trying to figure out how many cupcakes you need to sell from your new food truck in order to break even. The monthly rent for the food truck is 1,500 dollars and you also need to pay a monthly licensing fee of 150 dollars and estimate that your cost of operating the truck (gas, etc.) is another 150 dollars. You plan to sell your cupcakes for 3 dollars each and the cost of ingredients is 70 cents per cupcake. Based on these numbers, how many cupcakes do you need to sell in a month to break even? Please show or explain your calculation and provide your result.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting The Impact On Decision Makers

Authors: Gary A. Porter, Curtis L. Norton

10th Edition

1305793196, 978-1305793194

More Books

Students also viewed these Accounting questions

Question

=+Describe the components of this time series.

Answered: 1 week ago

Question

List and briefly explain the steps in the lossadjustment process.

Answered: 1 week ago