You are opening a limited$-$time pop$-$up coffee stall in your campus$$s business building. Your pop$-$up will use the space of an existing sandwich shop that is only open from $11$:$00$ a$.$m$.$ to $2$:$00$ p$.$m$.$ Monday through Friday. Your coffee stall will be open from $3$:$00$ p$.$m$.$ through $9$:$00$ a$.$m$.$ the three weeks leading up to and during midterms and finals weeks. The sandwich shop already has a lot of things you need, like refrigerator space and display counters, but it doesn$$t have any coffee equipment.

Your university approved your pop$-$up for this semester, but those in charge want to see if you are successful before they approve your opening again in future semesters. Match each of the following data points you collected while operating your pop$-$up to an explanation of how you could use it to show your university where your pop$-$up was succcessful or failed.

$1.$

Total number of coffees sold $($including all types$)$

select an option

You need to sell at least $606$ cups of coffee to break even on the ingredient cost. If divided by $30$ days of operation, you would need to sell an average of $21$ cups of coffee a day.

$2.$

Total amount earned $($before depreciation$)$

select an option

Can be used with $3$ and $5$ to determine profits. PROFIT would be $$6,334\mathrm{.}00.$

$3.$

Cost of all ingredients and supplies purchased

select an option

Can be used to forecast the need for ingredients, paper products $($cups$,$ napkins, etc.$),$ as well as times for the coffee shop to be opened $$ should they be opened at $6$ a$.$m$.,$ or do customers usually come in later in the day? Is there a time of day that more cups are sold $($i$.$e$.$ more customers$)$ and times of the day where there are no sales? This might determine if you just need one barista during certain times of the day, and three at different hours to balance out the demand for their work based on the time of the day that the coffee is sold.

$4.$

Cost of fixed asset purchases $($like espresso machine$)$

select an option

$5.$

Cost of paying baristas

select an option

$6.$

Average wait time $($length of line$)$

select an option

$7.$

Total number of students who had finals during this time

select an option

$8.$

Total number of customers

select an optionYou are opening a limited$-$time pop$-$up coffee stall in your campus$$s business building. Your pop$-$up will use the space of an existing sandwich shop that is only open from $11$:$00$ a$.$m$.$ to $2$:$00$ p$.$m$.$ Monday through Friday. Your coffee stall will be open from $3$:$00$ p$.$m$.$ through $9$:$00$ a$.$m$.$ the three weeks leading up to and during midterms and finals weeks. The sandwich shop already has a lot of things you need, like refrigerator space and display counters, but it doesn$$t have any coffee equipment.

Your university approved your pop$-$up for this semester, but those in charge want to see if you are successful before they approve your opening again in future semesters. Match each of the following data points you collected while operating your pop$-$up to an explanation of how you could use it to show your university where your pop$-$up was succcessful or failed.

$1.$

Total number of coffees sold $($including all types$)$

select an option

You need to sell at least $606$ cups of coffee to break even on the ingredient cost. If divided by $30$ days of operation, you would need to sell an average of $21$ cups of coffee a day.

$2.$

Total amount earned $($before depreciation$)$

select an option

Can be used with $3$ and $5$ to determine profits. PROFIT would be $$6,334\mathrm{.}00.$

$3.$

Cost of all ingredients and supplies purchased

select an option

Can be used to forecast the need for ingredients, paper products $($cups$,$ napkins, etc.$),$ as well as times for the coffee shop to be opened $$ should they be opened at $6$ a$.$m$.,$ or do customers usually come in later in the day? Is there a time of day that more cups are sold $($i$.$e$.$ more customers$)$ and times of the day where there are no sales? This might determine if you just need one barista during certain times of the day, and three at different hours to balance out the demand for their work based on the time of the day that the coffee is sold.

$4.$

Cost of fixed asset purchases $($like espresso machine$)$

select an option

$5.$

Cost of paying baristas

select an option

$6.$

Average wait time $($length of line$)$

select an option

$7.$

Total number of students who had finals during this time

select an option

$8.$

Total number of customers

select an option