Question: Please show work Destion Completion Status: Hershey's chocolate factory is introducing a new chocolate and has hired you to conduct a financial analysis to figure
Destion Completion Status: Hershey's chocolate factory is introducing a new chocolate and has hired you to conduct a financial analysis to figure how well the chocolate will do. They provided you with the information below to help you conduct your analysis. Assistant manager's salary: $2,500 cocoa butter per bar of chocolate SI monthly utilities: 5500 milk per bar of chocolate: $0.20 Rent: S4,000 Manager's salary: $3,000 Sugar per bar of chocolate: 0.80 secret ingredient for cach bar of chocolate: $1.50 Factory worker wages per bar of chocolate: $1.50 Hershey has decided to use Connecticut ns a test market and the average price of a large bar of chocolate in Connecticut is $12.50. There are also 1 million bars of chocolate sold in Connecticut every month, Hershey plans to use penetration pricing and as such decides to sell this new chocolate bar for 80% of the average price of a chocolate bar sold in Connecticut. They also project that they will be able to sell the equivalent of 1% of the bars of chocolate sold in Connecticut. Use the numbers provided above to answer questions below. Make sure that you show all formulas and also show all your calculations since there will be points awarded for the formula and calculations. 1. The company wants you to (20 points) a. Let them know how many chocolate bars they need to sell to break even. b. Tell them the value (in dollars) of the number of chocolate bars they need to sell to break even. c. What proportion of market share will they be capturing if all they do is sell enough chocolate to break even. 2. The company needs to know how much profit they will make. Using their projections of what they think they can sell, calculate their profits using the profit equation (20 points) Click Save and Submit to one and wit. Click Save All Answers to save all answers. Save All Answers Save and Submit
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