3. A catering company sells its catering packages for $80 per package and has per-package variable costs of $30. What is the contribution margin per unit and what does it mean?

4. Short answer. Alumni Club is a fine-dining establishment you and your 204 course mates will open in 2023. It will be a sustainable operation. Starting as a small restaurant, what specific purchasing challenges you might face? What procedures should you use to minimize these concerns? (Based on Lesson 4 material) (The answer can be just a few sentences or bullets) Please include all calculations in the following questions, round everything to hundredth of a decimal unless the number naturally rounds up to a whole or tenths of a decimal.

5. What is reorder quantity of tomato cans if the par stock is 29 cans, the product is delivered every 5 days, and the usage is 2 cans per day?