Little Mikey wants to run a lemonade stand, but he needs your help to figure out if it is worthwhile lemonade for $0.15 per glass (variable costs), and he plans on charging $0.50 her folding table, chair, pitcher and glasses (i.e. fixed costs). Mikey will have to pay $10 to his friends to man the table (i.e. more fixed costs). Mikey thinks he can sell 40 glasses of lemonade and he wants to know if he will break even. Will Mikey hit his cash break-even unit sales goal? 

Answer rating: 100% (QA)

Absolutelylets help Mikey figure out if hell reach his breakeven point Calculating Mikeys BreakEven ... View the full answer