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Customer-Level Planning Circle K operates a number of convenience stores worldwide. Assume that an analysis...

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Accounting

Customer-Level Planning Circle K operates a number of convenience stores worldwide. Assume that an analysis of operating costs, customer sales, and customer patronage reveals the following:Fixed costs per store ............................................$80,000.00/year

Variable cost ratio...............................................0.80

Average sale per customer visit....................................$15.00

Average customer visits per week..................................1.75

Customers as portion of city population .............................0.04

Determine the city population required for a single Circle K to earn an annual profit of $40,000

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