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Homework: 4-4 Problem Set: MyAccountingLab Overview P2-47 (similar to) Exercise Score: 4.14 of 7 pts Assignment Score: 94.27% (47.14 of 50 pts) 7 of 7 complete Lou Eanon recently opened Lou's Lounge in the University District. Because of licensing restrictions, the only liquor he can sell is beer The average price of beer at Lou's Lounge is $3.00 per glass, and each glass costs Lou an average of $2.20. Lou has hired a bartenderHlp Me Solve This and waiter at $4,500 and $3,500 per month, respectively. His rent, utilities, and other fixed operating costs are $5,000 per month Lou is considering selling hamburgers during the lunch hour. He feels that this will increase his daytime business, which is currently quite smal t will also allow him to be more competitive with other local bars that offer a wider variety of food and beverages Video eText Pages Calculator Ask My Instructor Print Lou would like to sell the hamburgers for $1.38 each in order to be attractive to customers. Lou will buy buns for $0.96 a dozen and ground beef for $1.60 per pound. Each pound of ground beef will make four hamburgers. Other ingredients will cost an average of $0.20 per hamburger. Lou will also need to hire a part-time cook at $1,600 per month. Other additional fixed costs will run about $290 a month Read the Requirement 1. If Lou sells only beer, how many glasses of beer does he have to sell each month to make a monthly profit of $1,000? Begin by determining the formula used to calculate the target sales volume in units = Target sales in units Choose from any drop-down list, then click Check Answer 8 parts Clear All Check Answer Save