FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A vendor sells hotdogs at $14.00 /piece. For every hot dog he spends $12.00 in the raw material. Additionally he spends $1.10 for packing each

A vendor sells hotdogs at $14.00 /piece. For every hot dog he spends $12.00 in the raw material. Additionally he spends $1.10 for packing each hotdog and monthly $45.00, $22.00, $13.00 as food truck rent, electricity and other expenses respectively. How much is the vendor contributing to covering his fixed costs or generating profits?

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_2

Step: 3

blur-text-image_3

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

Multinational Business Finance

Multinational Business Finance

Authors: David K. Eiteman, Arthur I. Stonehill, Michael H. Moffett

10th Edition

0201785676, 9780201785678

More Books

Students also viewed these Finance questions

Question

★★★★★
Use a graphing calculator to find A-1, if it exists. a. b. 2 1 10 0

Answered: 1 week ago

Question

★★★★★
4. EXPERIENCE MARKETING RESEARCH. Go online and find the home page for your particular state. For example, www.ms.gov would get you to the home page for the State of Mississippi. Once there, seek out...

Answered: 1 week ago

Question

★★★★★
What is the rejection region for a (a) upper-tail ????-test? (b) two-tailed ????-test? (c) lower-tail ????-test?

Answered: 1 week ago

Question

★★★★★
Red light with wavelength 700 nm is passed through a two slit apparatus. At the same time, monochromatic visible light with another wavelength passes through the same apparatus. As a result, most of...

Answered: 1 week ago

Question

★★★★★
The December 31, 2015, balance sheet of Ming Inc. included 12% bonds with a face amount of $100 million The bonds were issued in 2005 and had a remaining discount of $3, 400, 000 at December 31,...

Answered: 1 week ago

Question

★★★★★
In the circuit shown the capacitor is initially uncharged. The switch is closed at time t=0 s. Is given that: R=1.0 MQ, C=3.6 F and =20 V & C (a) R (a) Calculate the time constant of the circuit (4p)...

Answered: 1 week ago

Question

★★★★★
Suppose that Viacom and QVC made tender offers to the Paramount shareholders, rather than offering a merger. On March 1 , 1 , Viacom offered to pay $ 7 5 7 5 per Paramount share. On March 5 , 5 , QVC...

Answered: 1 week ago

Question

★★★★★
A plant makes monthly shipments of electric drills to a wholesaler in average lot sizes of 280 drills. The wholesaler's average demand is 70 drills a week, and the lead time from the plant is 3...

Answered: 1 week ago

Question

★★★★★
Paco, Inc. is considering obtaining funding through advances against receivables. The total annual credit sales are $1,200,000, the terms are net/30 days, and the payment is made on the average of 30...

Answered: 1 week ago

Question

★★★★★
Question 6: Given the data below, what is the simple linear regression model that can be used to predict sales in future weeks? You have the following regression equation: Yt = 143.5 + 6.3x

Answered: 1 week ago

Question

★★★★★
1. What is P(A=a2,B=b2) P(A=a2,B=b2)? 2. Observing events from this probability distribution, what is the probability of seeing (a1, b1) then (a2, b2)? 3. Calculate the marginal probability...

Answered: 1 week ago

Question

★★★★★
What is your tutors or supervisors opinion about the quantity and quality of the data you have collected?

Answered: 1 week ago

Question

★★★★★
What does the acronym CAQDAS stand for? a Complicated analysis of qualitative data and statistics. b Constant analysis, qualitative data and simplicity. c Computer assisted qualitative data analysis...

Answered: 1 week ago

Question

★★★★★
How successful have your early attempts at coding data been? What have you learned from these early attempts and how might you apply what you have learned to subsequent coding activity?

Answered: 1 week ago

Previous Question Next Question