Question: Having issues with number 8 and the image above number 11. 8. Wanda wants to open a health- food store. She pays rent of $1,500

Having issues with number 8 and the image above number 11.

8. Wanda wants to open a health- food store. She pays rent of $1,500 per month, utilities of $500, insurance of $100 per month, and payroll of $1250. She estimates that her cost of goods is approximately 65 percent of sales. Wanda would like to make $2000 a month for herself.

A. What is Wanda's contribution Margin?

B. How much does she need in monthly sales to break even?

C. How much does she need in monthly sales to make a profit of $2000?

D. Construct a break-even chart for Wanda's health- food store?

Having issues with number 8 and the image above number 11.8. Wanda

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

Arnez Company began operations in 2021 and initially adopted the weighted-average method for inventory valuation. In 2023, in accordance with the inventory valuation policies followed by other...

K & J BAKERY INC. Business Background As she sat in her Accounting I class, bored while listening to the lecture on journal entries, Keisha Jones could not imagine being an accountant in the future....

1. (10) Using table 4-1, complete a vertical analysis of the income statement for January. 2. (10) Using table 4-1, complete a horizontal analysis for Sam's Appliance Repair. Table on back page. 3....

COMPREHENSIVE INDIVIDUAL TAX RETURN PROBLEM PAUL C. TURNER ? 2016 Questions: 1.What is the net Form W-2 wages? 2.What is miscellaneous income? 3.What is Schedule B income (Interest and dividends)?...

in need of urgent help with parts 2-5, already did part one... J&J Bakery, Inc. Project: A Simplified Management Accounting Project Introduction The objective of this project is to provide students...

J&J Bakery, Inc. Project: A Simplified Management Accounting Project Introduction The objective of this project is to provide students with a practical application of some of the key concepts...

Need help solving this. These quesitons are based on 2014 for U.S. Tax Question 2 (15 marks) Roxie and Logan were divorced in 2012. They have two children, nine-year-old Byron and 21-year-old...

Please give answers and recommendations for Goals & Concerns. The Family Argo Merritt (age 60, born in 1959) is a self employed contractor and is married to Marie Merritt (age 56), who is an employee...

i am taking Cooperate finance which is FIN222 can help me to answer.. ? Tutorial 1 Topic 1 Chapter 1 4. What are the main advantages and disadvantages of organising a firm as a corporation? 6. You...

i need help from section 3 part A I have already posted this and you asked me to post under advanced option Assignment Tier 1 Financial Planning (Tier1FPPA_AS_v1A3) Page 2 of 92 Student...

Max and Oscar Equipment (MOE) have been in business for many years and have been successful in providing specialized equipment to the oil and gas industry that leverages their in-depth knowledge of...

A female customer services manager received a favorable performance appraisal in February. In recognition of her good work, she received a bonus in April and was given an expenses-paid trip to Hawaii...

What should Gellar do about the pressure to improve performance? A . Gellar should directly raise her concerns first with the CFO, especially if the pressure from the CFO is so great that the only...

1. Jena is a full-time student at atState University and is claimed by her parents as a dependent. Her only source of income is a $6,000 scholarship($400 for books, $3,000 tuition, $200 athletic fee,...

Respond that the following statements are TRUE or FALSE: 1) Favorable and unfavorable variances are netted together in the same way debits and credits are. 2) Favorable variances are added to...

THE 1. The case discusses the compensation management practices at Tata Consultancy Services Ltd. (TCS), one of the leading Indian IT companies. TCS' compensation management system was based on the...

1. Set a personal goal for yourself in your work situation. Examine this goal in the light of the 10 factors to achieve goals.

4. Set up at least one work role that is important for you to master. Reflect on how you can use your time more efficiently, not necessarily spend more time, to perform better in this work role.

3. List four goals that are important to you. Then set up the roles that correspond to these goals. How will you shape your personal vision as a result of your goals and roles?