Question: Question #1: How much does Jim make (gross) on each sandwich that he sells? (Hint: calculate the Cost of Goods Sold - i.e., the amount

Question #1: How much does Jim make (gross) on
Question #1: How much does Jim make (gross) on
Question #1: How much does Jim make (gross) on each sandwich that he sells? (Hint: calculate the Cost of Goods Sold - i.e., the amount it costs to make one sandwich (including pork, ham, cheese and bread) - then subtract that from the selling price). You'll need to convert lbs. to oz. for this one. 0.279+0.498+0.466+0.385=1.628 10-1.628=$8.372 Question #2: A) How many sandwiches a month does Jim need to sell in order to cover the fixed costs of running the business? B) Assuming that he sells an average of 30 sandwiches a day, how many days will it take? 400+85+100=585 585/10=58.5 58.5/30=1.95 eg Question #3: Because Jim is paid depending on what the business makes - keeping a share of the (net) profit that remains after paying the business's expenses -- he does not receive a salary. However, in order to pay his personal expenses and live the kind of life that he wants, his goal is to make $3,000 a month. A) How many sandwiches ddes Jim need to sell in order to do so? B) How many days does he need to work

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 General Management Questions!