Michelle runs a gourmet poutine stand, selling $8 poutine. Michelle is the only employee, and she pays herself a salary of $15/hour. Her other costs include $1.50 for each serving of French fries, $1.10 for each serving of cheese, and an average of $0.35 per order for gravy. In addition, she has a $500/month lease on a car that she uses to transport supplies and ingredients to her stand. This month, Michelle has also needed to buy a space heater for $250 because the winter has been extreme. What is the margin (%) of Michelle's poutines? O a. Falls in the range of 60%-69% O b. Cannot determine based on the information provided Oc. Falls in the range of 50%-59% d. Falls in the range of 70%-79%
Michelle runs a gourmet poutine stand, selling $8 poutine. Michelle is the only employee, and she pays herself a salary of $15/hour. Her other costs include $1.50 for each serving of French fries, $1.10 for each serving of cheese, and an average of $0.35 per order for gravy. In addition, she has a $500/month lease on a car that she uses to transport supplies and ingredients to her stand. This month, Michelle has also needed to buy a space heater for $250 because the winter has been extreme. What is the margin (%) of Michelle's poutines? O a. Falls in the range of 60%-69% O b. Cannot determine based on the information provided Oc. Falls in the range of 50%-59% d. Falls in the range of 70%-79%
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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11
Transcribed Image Text:Michelle runs a gourmet poutine stand, selling $8 poutine. Michelle is the only
employee, and she pays herself a salary of $15/hour. Her other costs include
$1.50 for each serving of French fries, $1.10 for each serving of cheese, and an
average of $0.35 per order for gravy. In addition, she has a $500/month lease on
a car that she uses to transport supplies and ingredients to her stand. This
month, Michelle has also needed to buy a space heater for $250 because the
winter has been extreme. What is the margin (%) of Michelle's poutines?
O a. Falls in the range of 60%-69%
O b. Cannot determine based on the information provided
O c. Falls in the range of 50%-59%
d. Falls in the range of 70%-79%
Transcribed Image Text:Chapters, Coles, Indigo, Indigo Kids, Indigo express, and American Girl boutique
are several retail store brands located across Canada under the same company
umbrella of Chapters Indigo. Each brand appeals to a different type of retail shopper
and provides a different experience. Collectively these brands are known as what in
marketing?
Select one:
O a. A product class
b. A product group
O c. A product line
O d. A product mix
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