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Angie Silva has recently opened The Sandal Shop, a store that specializes in fashionable sandals in Brisbane, Australia. Angie has just received a degree in business and she is anxious to apply the principles she has learned to her business. In time, she hopes to open a chain of sandal shops. As a first step, she has prepared the following analysis for her new store:
(c) Angie has decided that she must earn at least 18,000 the first year to justify her time and effort. How many pairs of sandals must be sold to reach this target profit?

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abhaydwive123

3,250 pairs of sandals must be sold to reach this target profit.

Profit = Unit CM x Q - Fixed expenses

$18,000 = $24 × Q - $60,000

$24Q = $18,000+ $60,000

Q = $78,000 ÷ $24

Q = 3,250 pairs.

Fixed costs are defined as “costs that do not change from period to period,” such as mortgage payments, rent payments, utility bills, and mortgage payments.

Fixed expenses typically cost the same amount each month (rent, mortgage payments, car payments, etc.) while variable costs increase from month to month. Month changes (eating out, medical expenses, groceries, etc.). whatever you buy in the store).

Learn more about Fixed expenses at

https://brainly.com/question/8225307

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