Answered: How many bags of seashells does Sally…

Business

Accounting

How many bags of seashells does Sally need to sell to breakeven

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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Question

Sally Sells Seashells by the Seashore. She pays kids $2 a bag for the shells they collect and she sells them for $5 a bag. The bags are 25 cents per piece. She has a stand on the boardwalk that costs her $35 a day and she needs to pay Rehoboth City 5% of sales. She has to get a new sign everyday for $15. Her brother mans the stand from 10 am to 1 pm for a $10 STEAM gift card and her sister takes over at 1 pm for $5 per hour. They close the stand at 9 pm. How many bags of seashells does Sally need to sell to breakeven?

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