Health Food Store

Question

Wanda wants to open a Health Food Store. She will pay rent of $1,500 per month, utilities of $500, insurance of $100 per month, and payroll of $1,250. She estimates that her cost of goods will be approximately 65 percent of sales. Wanda would like to make $2,000 a month for herself.

a) What is Wanda’s contribution margin?

b) How much does she need in monthly sales to break even?

c) How much does she need in monthly sales to make a profit of $2,000?

Question

Suppose you conducted a study to see if there was an association between political party affiliation and whether or not someone voted. What type of analysis would you use and why?

Question

What are some additional steps that you feel are necessary to utilize when you are dividing polynomials and the divisor is not a monomial?