29. Underground Food Store has 4,000 pounds of raw beef nearing its expiration date. Each pound has...
Question:
29. Underground Food Store has 4,000 pounds of raw beef nearing its expiration date. Each pound has a cost of $4.50. The beef could be sold "as is" for $3.00 per pound to the dog food processing plant, or roasted and sold in the deli. The cost of roasting the beef will be $2.80 per pound, and each pound could be sold for $6.50.
What is the gross profit/loss per pound if the raw beef is roasted and sold in the deli? If it is negative, use a dash - not parentheses ( )
30. Underground Food Store has 4,000 pounds of raw beef nearing its expiration date. Each pound has a cost of $4.50. The beef could be sold "as is" for $3.00 per pound to the dog food processing plant, or roasted and sold in the deli. The cost of roasting the beef will be $2.80 per pound, and each pound could be sold for $6.50.
Should the beef be sold "as is" or roasted and sold in the deli?
31. Ralston Dairy gathered this data about the two products that it produces:
Product | Current Sales Value | Estimated Added Processing Costs | Sales Value if Processed Further |
---|---|---|---|
Frozen yogurt | $8,000 | $2,000 | $11,000 |
Ice cream | 12,000 | 7,000 | 18,000 |
What is the effect on profit if the frozen yogurt is processed further? If it is negative, use a dash - not parentheses ( ).