Reference no: EM132592730
Dr. Lucy Zang, a noted local podiatrist, plans to open a retail shoe store specializing in hard-to-find footwear for people with feet problems, such as bunions, flat feet, mallet toes, and diabetic feet. She has asked you to help her figure out what sales need to be each month to keep the store open, and has given you some basic numbers to work with.
Question 1: Calculate the amount of sales the Happy Feet store must do each month to break even.
Note: Computation need to show the break-even point, separate variable and fixed costs, and the price at which the product or service will need to be sold to cover those costs. (All costs need to be used. For example, if a cost is listed as monthly, it is a fixed cost. The 3% of sales is a variable cost.)
Dr. Lucy Zang-Happy Feet Store
Selling Price $220 per shoe
Operating Costs:
Cost of shoes $110 per shoe
Other Costs:
Fixed Rent $13,333 monthly
Variable Rent 3% of sales
Other $38,000 monthly
Interest $11,667 monthly
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