A student organization has been given permission to operate a pizza stand during the upcoming homecoming weekend. The stand will be located just outside the football stadium, making it accessible during the ballgame. The location is also convenient for visitors as they tour the campus at other times during the weekend. An estimated 2,500 visitors will be on campus, in addition to the campus population of 1,500. Each pizza requires: 1/2 lb. pizza flour 2 oz. pizza sauce 1/8 lb. pepperoni 1/2 lb. cheese Pizza flour costs $8.00 per 10-lb. bag; pizza sauce, $4.80 per 64-oz. jar; pepperoni, $18.00 per 5-lb. package; and cheese, $15.00 per 5-lb. package. Club members will cook the pizzas and staff the stand on a volunteer basis. The university requires each vendor to pay a $25.00 permit fee and a $50.00 refundable deposit on the building. Your club plans to donate the profits from the pizza sales to a local children's hospital. 1. How many pizzas can you anticipate selling? (explain how you arrived at this number) 1.25 points 2. What price should you charge per pizza? (rationale for selecting this price point.ml:25 points 3. How much of each raw material do you need to buy? (show the calculation) 1.25 points 4. What will be your probable profit? (show the calculation) 1.25 points 5. Develop a financial plan for your weekend enterprise. (Includes forecasting financial needs, developing a budget, and establishing financial controls). 3 points A student organization has been given permission to operate a pizza stand during the upcoming homecoming weekend. The stand will be located just outside the football stadium, making it accessible during the ballgame. The location is also convenient for visitors as they tour the campus at other times during the weekend. An estimated 2,500 visitors will be on campus, in addition to the campus population of 1,500. Each pizza requires: 1/2 lb. pizza flour 2 oz. pizza sauce 1/8 lb. pepperoni 1/2 lb. cheese Pizza flour costs $8.00 per 10-lb. bag; pizza sauce, $4.80 per 64-oz. jar; pepperoni, $18.00 per 5-lb. package; and cheese, $15.00 per 5-lb. package. Club members will cook the pizzas and staff the stand on a volunteer basis. The university requires each vendor to pay a $25.00 permit fee and a $50.00 refundable deposit on the building. Your club plans to donate the profits from the pizza sales to a local children's hospital. 1. How many pizzas can you anticipate selling? (explain how you arrived at this number) 1.25 points 2. What price should you charge per pizza? (rationale for selecting this price point.ml:25 points 3. How much of each raw material do you need to buy? (show the calculation) 1.25 points 4. What will be your probable profit? (show the calculation) 1.25 points 5. Develop a financial plan for your weekend enterprise. (Includes forecasting financial needs, developing a budget, and establishing financial controls). 3 points
