Boston to open a pizza and sub shop. The store size is 1,200 square feet and it requires about $100 per square foot in renovation, fixtures and equipment (balance sheet item not an income statement item). The rent for the said location is $69,000 per year. Jerry is planning to be open 7 days a week 15 hours per day. Jerry projects the store sales per day to be $2,350 (7 days a week 52 weeks a year). In addition, Jerry is counting on having 3 employees at all time in the store at an average pay of $15.15 per hour. Jerry has contacted you to help him to determine the following on an annual basis Sales Revenues S COGS $ COGS% Gross Profit S Gross margin % Variable Cost S Contribution margin S Contribution margin % Fixed Cost $ EBITDA S Break Even point sales S Jerry has supplied you with the following information: Sales Categories % to total sales COGS% Anticipated pay date Pizza 60% 40% Monthly-In the middle of the month Subs 36% 40% Monthly-second week of the month Soda 5% 30% Monthly At the end of the mont Operating cost Per Month Per Year Anticipated pay date Rent Monthly-First week of the meth Payroll Weekly-Once a week Benefits and Taxes 24% Weekly-Once a work Utilities 500 Monthly-In the middle of the month Telephone 200 Computer Maintenance 100 POS Expense POS Lease 75 Vehicle Lease 330 Vehicle Fuel 200 Merchandise Supplies Office Supplies Professional fees Insurance Commission Marketing Credit Card Fee Miscellaneous 100 8 Monthly-In the middle of the month Mondly-At the end of the month 1,300 Monthly-At the end of the month Monthly-In the middle of the m Monthly-First week of the m Weekly-Once a week 3% Monthly-In the middle of the month Monthly-In the middle of the month 1,200 Monthly-In the middle of the month 2.500 Monthly-First week of the m 25% Monthly-At the end of the month 25,000 Monthly-At the end of the m 2.9% Weekly-Once a work 1,987 Monthly At the end of the month