In the past, Maxwell's Coffee and Cakes competitor, Sammy's Best Cakes sold 10,000 mini cakes for $5

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In the past, Maxwell's Coffee and Cakes competitor, Sammy's Best Cakes sold 10,000 mini cakes for $5 each. This year, Sammy's Best Cakes has made some new investments that she thinks will increase demand for her mini cakes. However, to cover her investments, she will now charge $7.10 for the first 6,595 cakes, $11.14 for the second 7,182 cakes and $14.31 for the last 6,043. Each cake costs $4.63 to produce.

Assuming she meets her demand target, what will be her average revenue? Round to the nearest two decimals (0.00).

Related Book For answer-question

Financial Reporting Financial Statement Analysis and Valuation a strategic perspective

ISBN: 978-1337614689

9th edition

Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw

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Posted Date: Oct 30, 2023 02:11 AM

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In the past, Maxwell's Coffee and Cakes competitor, Sammy's Best Cakes sold 10,000 mini cakes for $5

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To calculate Sammys Best Cakes average revenue we need to find the total revenue and then di... View the full answer

Financial Reporting Financial Statement Analysis and Valuation a strategic perspective

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