Business, 20.08.2019 18:10 CJunc95801

Doc jones owns doc's coffee shop, and his accountant has told him that his total fixed costs to run his business in a very nice upscale business-oriented neighborhood, excluding his salary, are $15,000 per month. doc is in competition with a seattle's coffee shop just down the block. consequently, his prices are about the same as theirs. he has calculated that the average cup of coffee cost him $1.87 cents, which includes the coffee, the cup and condiments, such as sugar, sweetener, creams, napkins, and stir sticks. his average selling price is $4.85 per cup. he currently sells 8,000 cups of coffee per month. doc has figured that if he lowers his price by $1.00 per cup, he would increase his sales to 11,000 cups per month and make more money. doc wants to earn $4,000 monthly salary. approximately how many cups under each scenario must he sell

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Doc jones owns doc's coffee shop, and his accountant has told him that his total fixed costs to run...

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