Mojo's Coffee Cart currently rents space in a resort area for $1,000 per month ($12,000 annually, but
Fantastic news! We've Found the answer you've been seeking!
Question:
Mojo's Coffee Cart currently rents space in a resort area for $1,000 per month ($12,000 annually, but only operates from April to November each year). Next year, they plan to keep the business open year round. They expect sales volume to increase by 12%.
Currently, blended coffee sells for $5.00 for a 12-ounce cup, unit variable costs are $1.75 per cup, fixed costs, including the rent, are$1,500 monthly, and annual sales are $100,000.
How would the singular change to remain open year-round affect the annual net income?
Related Book For
Posted Date: