Answer:
The total revenue needed to break even is $206.90 per day
Explanation:
The break even point of revenue is the total revenue earned by the firm where total revenue equals total cost and there is no profit or no loss. The break even in dollars can be calculated using the following formula,
Break even in dollars = Fixed cost / Contribution margin ratio
Contribution margin ratio = (Selling price per unit - variable cost per unit) / Selling price per unit
Contribution margin ratio = (40 - 11) / 40 = 0.725 or 72.50%
The fixed cost per day is the cost of the vending space of $150.
Break even in dollars = 150 / 0.725 = $206.896 rounded off to $206.90
Think of a catchy slogan to go with it
Compound interest would be the correct answer.
I think it could possibly be d?
Calculate total variable cost by multiplying the cost to make one unit of your product by the number of products you've developed. For example, if it costs $60 to make one unit of your product, and you've made 20 units, your total variable cost is $60 x 20, or $1,200.
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