In your first week operating the cafe, you only expect sales of 280 medium cups of coffee
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Question:
In your first week operating the cafe, you only expect sales of 280 medium cups of coffee daily, Monday through Friday. You plan to sell the specialty coffee for at $3.20 each. You also know that variable costs (coffee, cups, milk, etc.) average $0.60 per cup and weekly fixed expenses (rent, wages, etc.) are $5,800.
▲ ▼What will be your revenues (dollar sales) for one week?
▲ ▼ What is your dollar margin for a cup of coffee?
▲ ▼ What are your total costs for the week?
▲ ▼ What is your total cash flow for the week presuming all expenses are paid as they occur?
Related Book For
Business Statistics
ISBN: 9780321925831
3rd Edition
Authors: Norean Sharpe, Richard Veaux, Paul Velleman
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