You have decided to start a vending machine business. A local store has space available for your
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Question:
You have decided to start a vending machine business. A local store has space available for your machine, but wants to charge you an annual fee to use the space. You estimate that you can sell 5,000 cans of soda each year. You sell a can of soda for $1.25, earning you a profit of $0.50 per can.
What is the most you would spend to rent the space for one year?
Related Book For
Advanced Financial Accounting
ISBN: 978-0137030385
6th edition
Authors: Thomas Beechy, Umashanker Trivedi, Kenneth MacAulay
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