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A) What price should she charge for a chopped beef brisket sandwich in order to break even for the season. B) Write an analysis of your calculations and discuss what Samantha should do based on your calculations.

A) What price should she charge for a chopped beef brisket sandwich in order to break even for the season. B) Write an analysis of your calculations and discuss what Samantha should do based on your calculations.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Samantha Kelly, a student at OU, plans to open a barbegue stand inside OU's Milam stadium during home games. There are seven home games scheduled for the upcoming season. The football season is 14 weeks or 98 days long. She must pay the OU athletic department a vendor's fee of $3,000 for the season. Her stand and other equipment will cost her $2,500 for the season. She estimates that each chopped beef brisket sandwich she sells will cost her $1.75. She has talked to friends at other universities who sell food at games. Based on their information and the athletic department's forecast that each game will sell out, she anticipates that she will sell approximately 675 chopped beef brisket sandwiches during each game. A) What price should she charge for a chopped beef brisket sandwich in order to break even for the season. B) Write an analysis of your calculations and discuss what Samantha should do based on your calculations.
Transcribed Image Text:Samantha Kelly, a student at OU, plans to open a barbegue stand inside OU's Milam stadium during home games. There are seven home games scheduled for the upcoming season. The football season is 14 weeks or 98 days long. She must pay the OU athletic department a vendor's fee of $3,000 for the season. Her stand and other equipment will cost her $2,500 for the season. She estimates that each chopped beef brisket sandwich she sells will cost her $1.75. She has talked to friends at other universities who sell food at games. Based on their information and the athletic department's forecast that each game will sell out, she anticipates that she will sell approximately 675 chopped beef brisket sandwiches during each game. A) What price should she charge for a chopped beef brisket sandwich in order to break even for the season. B) Write an analysis of your calculations and discuss what Samantha should do based on your calculations.
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