Question
You have decided to start a vending machine business. A local store has space available for your machine, but wants to charge you an annual
You have decided to start a vending machine business. A local store has space available for your machine, but wants to charge you an annual fee to use the space. You estimate that you can sell 5,000 cans of soda each year. You sell a can of soda for $1.25, earning you a profit of $0.50 per can.
What is the most you would spend to rent the space for one year?
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Get StartedRecommended Textbook for
Advanced Financial Accounting
Authors: Thomas Beechy, Umashanker Trivedi, Kenneth MacAulay
6th edition
013703038X, 978-0137030385
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