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Valentin [98]
3 years ago
8

Greg Winston has gone bankrupt and started a lemonade stand. He has invested $400 in lemonade equipment, and he sells a glass of

lemonade for $4. His unit cost of producing a cup of lemonade is $2.50. How many glasses of lemonade must Greg sell to generate a profit of $300?
Business
1 answer:
juin [17]3 years ago
5 0

Answer:

See below

Explanation:

We will apply the formula below to compute the above given information.

= (Fixed cost + Desired profit) / Contribution margin

Given that;

Fixed cost = $400

Desired profit = $300

Contribution margin = Unit selling price - Unit variable cost = $4 - $2.5 = $1.5

Therefore,

= ($400 + $300) / $1.5

= $700 / $1.5

= 466.67

Therefore, Greg must sell 466.67 units of lemonade glasses to generate a profit of $300

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Answer:

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4 years ago
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Answer:

D) influencing decisions affecting one's life.

Explanation:

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4 0
3 years ago
In the product development process, what takes place between concept testing and market testing? securing financial backing cond
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4 years ago
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A) protecting the country and D) public schools im sure this is the answer
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