Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

business analysis A restaurant prepares 200.00 pizza slices and sells them at a rate of $10.00 slice. Expenses for the restaurant include raw material for

business analysis
image text in transcribed
A restaurant prepares 200.00 pizza slices and sells them at a rate of $10.00 slice. Expenses for the restaurant include raw material for pizza at $5.00 per slice, $116.00 for monthly rental and monthly insurance of $41.00. Lost sale are taken as $4.00 per unhappy customer. Leftover pizza can be sold for $2.00. The restaurant is open only for 25 days in a month. Today there was a party at nearby office so the demand for pizza went up to 220.00 slices. How much profit could the restaurant earn today? Answer format: Currency: Round to: 0 decimal places. A vendor prepares 100.00 hotdogs every day and sells at $18.00 /piece. For each hot dog, he spends $13.00 in the raw material. Additionally he spends $0.98 for packing each hotdog and monthly $40.00,$23.00,$10.00 as food truck rent, electricity and other expenses respectively. Lost sales are charged at $6.00 per lost sale. Leftover hotdogs can be sold for $3. On a particular day in June 115.00 people came wanting to buy a hotdgg. Determine the vendor's profit for that day? Assume there are 30 days in the month. Answer format: Currency: Round to: 2 decimal places. A restaurant prepares 200.00 pizza slices and sells them at a rate of $10.00 slice. Expenses for the restaurant include raw material for pizza at $5.00 per slice, $116.00 for monthly rental and monthly insurance of $41.00. Lost sale are taken as $4.00 per unhappy customer. Leftover pizza can be sold for $2.00. The restaurant is open only for 25 days in a month. Today there was a party at nearby office so the demand for pizza went up to 220.00 slices. How much profit could the restaurant earn today? Answer format: Currency: Round to: 0 decimal places. A vendor prepares 100.00 hotdogs every day and sells at $18.00 /piece. For each hot dog, he spends $13.00 in the raw material. Additionally he spends $0.98 for packing each hotdog and monthly $40.00,$23.00,$10.00 as food truck rent, electricity and other expenses respectively. Lost sales are charged at $6.00 per lost sale. Leftover hotdogs can be sold for $3. On a particular day in June 115.00 people came wanting to buy a hotdgg. Determine the vendor's profit for that day? Assume there are 30 days in the month. Answer format: Currency: Round to: 2 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

Managerial Accounting

Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer

12th Edition

978-0073526706, 9780073526706

More Books

Students also viewed these Accounting questions