Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A vendor prepares 100.00 hotdogs every day and sells at $22100 /piece. For each hot dog, he spends $13.00 in the raw material. Additionally he

image text in transcribed
A vendor prepares 100.00 hotdogs every day and sells at $22100 /piece. For each hot dog, he spends $13.00 in the raw material. Additionally he spends $1.84 for packing each hotdog and monthly $49.00, $24.00, $9.00 as food truck rent, electricity and other expenses respectively. Lost sales are charged at $3.00 per lost sale. Leftover hotdogs can be sold for $3. On a particular day in June 107.00 people came wanting to buy a hotdog. Determine the vendor's profit for that day? Assume there are 30 days in the month. Submit Answer format: Currency. Round to: 2 decimal places. For a table manufacturing company, selling price for a table is $202:00 per Unit, Variable cost is $25.00 per Unit, rent is $4,621.00 per month and insurance is $264.00 per month. Company wants to expand its business and improve the table quality, it wants to increase the selling price for a table to $264.00 per Unit, Variable cost to $43.00 per Unit, bigger area will have rent $5,232.00 per month and insurance is $373.00 per month At what point will the company be indifferent between the current mode of operation and the new option? Submit Answer format: Number: Round to: 0 decimal places

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Essentials Of Measure Theory

Authors: Carlos S Kubrusly

1st Edition

3319225065, 9783319225067

More Books

Students also viewed these Mathematics questions

Question

What is the difference between liability and strict liability?

Answered: 1 week ago

Question

What is a firms capital structure, and why is it important?

Answered: 1 week ago

Question

In what ways are you similar to your closest friends?

Answered: 1 week ago