Question

Classic Coffee Company Best friends, Nathan and Cody, decided to start their own business which would bring great coffee from all over the world to their local community. Together they formed Classic Coffee Company, or CCC (assume their coffee shop is located a few miles from our college campus) Nathan is selecting and making the coffee they serve Cody manages the front and back office; selling coffee to customers, paying employees, and running ads for the coffee shop Last year, the company sold 50,000 units and had the below sales and cost figures. Sales $150,000.00 Variable Costs $ 45,000.00 Contribution Margin $ 105,000.00 Fixed Costs $ 50,000.00 Income Before Taxes $ 55,000.00 Income Tax $ 16,500.00 Net Income $ 38,500.00

          Classic Coffee Company
Best friends, Nathan and Cody, decided to start their own business which would bring great
coffee from all over the world to their local community. Together they formed Classic Coffee
Company, or CCC (assume their coffee shop is located a few miles from our college campus)
Nathan is selecting and making the coffee they serve Cody manages the front and back office;
selling coffee to customers, paying employees, and running ads for the coffee shop
Last year, the company sold 50,000 units and had the below sales and cost figures.
Sales	$150,000.00
Variable Costs	$ 45,000.00
Contribution Margin	$ 105,000.00
Fixed Costs	$ 50,000.00
Income Before Taxes	$ 55,000.00
Income Tax	$ 16,500.00
Net Income	$ 38,500.00

Classic Coffee Company
Best friends, Nathan and Cody, decided to start their own business which would bring great
coffee from all over the world to their local community. Together they formed Classic Coffee
Company, or CCC (assume their coffee shop is located a few miles from our college campus)
Nathan is selecting and making the coffee they serve Cody manages the front and back office;
selling coffee to customers, paying employees, and running ads for the coffee shop
Last year, the company sold 50,000 units and had the below sales and cost figures.
Sales 150,000.00
Variable Costs 45,000.00
Contribution Margin 105,000.00
Fixed Costs 50,000.00
Income Before Taxes 55,000.00
Income Tax 16,500.00
Net Income 38,500.00

Added by Christina H.

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