Question: Use the following information to answer the question below: Year 1 Skynet Gross Sales Value = $20,000,000 Skynet Product Revenue = $750,000 Revenue per Transaction

Use the following information to answer the question below:

Year 1

Skynet Gross Sales Value = $20,000,000

Skynet Product Revenue = $750,000

Revenue per Transaction = $25.00

Credit Card Processing Fees = 1.50%

Credit Sales % of Revenues = 80%

Bad Debt % = 3.50%

Skynet Shoppers = 675,000

Total Shoppers all products = 2,700,000

Total Mainframe costs = $1,000,000

Total Air-related fixed costs 100,000

Target unit profit 25,000

How many transactions would be needed to be sold to achieve the target profit for the Skynet product?

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